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Important Client Announcement

Dear Client,

Rent IT launched in 2002 as the IT hire division of our parent company Seatronics Limited to provide dedicated sales and engineering support to our growing client base.

Rent IT shared much of the same clients as Seatronics, who specialise in the supply of marine electronics to the global energy market, however we have experienced increased competition and a significant shift in our customer base. This led us to question whether Rent IT is still strategically aligned within Seatronics.

After considerable deliberation we have decided to cease Rent IT operations allowing Seatronics to concentrate on continued investment and development of our core business.

We therefore will not be accepting any new orders and will contact all existing clients, with whom we are running live contracts, to discuss options.

Please note that all Rent IT staff have been offered alternatives roles within Seatronics Ltd. The Seatronics business has seen continued year on year growth and we have plans to continue this into 2020 and beyond.

I thank you for your understanding.

Regards,

Phil Middleton
Seatronics Group Managing Director