Cathexis acquires a majority stake in Logi-tek

We are delighted to announce that Cathexis has acquired a majority stake in Logi-tek to realise their ambition to create a global Commissioning and Technical Services business under the strategic guidance of Commtech Asia, their existing Asian Commissioning business. The remaining 30% will be held by the existing Logi-tek Management Team.

The vision is to become the global leader in the provision of Commissioning and Technical Project Management Services, delivering spaces with exceptional intelligence.

A global Commissioning board will be established, including a representative from Logi-tek. The global board will be chaired by Andy Knellar of Commtech Asia, and will develop the strategies required to align the Logi-tek and Commtech Asia businesses to create a platform from which a global business can evolve.

Within the global organization Logi-tek will continue to have divisional responsibility for the EMEA region (Europe, Middle East, and Africa). The intention in due course is to welcome a US Commissioning Services business into the group to enable us to offer our services on a worldwide basis.

The mission is to develop industry-changing technology and create an employment environment that will attract and retain the talented, committed and caring people we need to become the best in our business.