Encore announces sale of TSC
Encore Capital, the London based investment firm focused on backing entrepreneurial growth businesses, has completed the sale of Technical Software Consultants Limited (“TSC”) to Eddyfi Technologies based in Quebec, Canada.
Headquartered in Milton Keynes, TSC has been a leading provider of inspection technologies to the energy sector for the last 30 years. The company developed its proprietary ACFM® technology with support from several oil majors who were keen to improve the reliability of underwater inspection, reduce operator dependence, and provide auditable inspection records.
Under Encore’s ownership, TSC expanded into service provision, moved to new headquarters, increased its headcount twofold, and opened offices in Aberdeen and Singapore.
Chris Walters, CEO of TSC said: “We are extremely pleased to see TSC joining an expanding and progressive technology group that offer incredible synergies to the TSC brand. We appreciate very much the support of Encore Capital that helped make it happen.”