Investors

The purchase was arrived at following negotiations between CSE and Techno Trade and their advisor, SynCap, on a willing-buyer and willing-seller basis. Techno Trade, who also have a regional office in France, will become a wholly owned subsidiary of CSE Global Limited, under a local holding company called CSE Global Belgium SA.

This new strategic acquisition will serve to enhance CSE's already comprehensive suite of telemetry solutions targeted at a broad range of market sectors including water distribution, automation, environmental, power distribution, transportation, oil & gas and building automation.

At present 90% of Techno Trade's turnover is from european sales of their remote terminal units (RTU), open supervisory front-ends and various automation and communication devices.

Techo Trade's "TBOX" technology integrates the power of programmable logic controller and internet technologies with the flexibility of Telemetry. Techno Trade has a team of R&D engineers who are continually enhancing and developing the product range.

The present management team will remain in place, with the addition of William Ketelhut as Managing Director. Additionally Alan Stubbs from the UK and Rodney Linton from Australia will join the Board.

We will be looking to build on Techo Trade's success, enabling us to gain market share through synergy with our existing telemetry business.

Tan Mok Koon
Managing Director
CSE Global Limited

Information on Techno

Founded in 1983, Techno (www.tbox.biz) is Belgian based company with a branch in France that develops, produces and sells telemetry hardware and software and telecontrol solutions for a variety of industries including oil and gas, water/waste waste/irrigation, electric power distribution, railways and building automation. Currently, over 90% of Techno Trade's turnover is to Europe customers and employs 25 staff, the majority of which are active in research and development.