3t, a global provider of safety-critical training and learning technology, has had a strong start to the year. After a number of strategic acquisitions 3t has established itself as a global player in safety critical training by serving industries including oil and gas, renewables, utilities, gas, power and water. 3t is now training more than 200,000 delegates per year across the UK, Middle East and Americas. With approximately 90% of revenues derived from mandatory training requirements, the business operates from a resilient and recurring revenue base.
Trading in the first quarter was strong. The business renewed major UK Managed Services contracts, recorded a record month for online training bookings, and saw its Technologies service line deliver its strongest quarter to date.
The Middle East: 3t performed well ahead of the prior year in January and February before the outbreak of regional conflict impacted activity in March. The business views this disruption as temporary. Mandatory safety training is a regulatory requirement, and with market conditions in the region remaining fundamentally strong, 3t expects a gradual recovery through the second half of the year.
The US: 3t has focused on increasing its market share and delegate volumes with the company now growing its course offering beyond oil and gas sector training. The demand is projected to grow over the next two years.
Alongside market expansion, 3t is investing in integration and operational efficiency across the business. This includes implementing AI across its products, technology platform and internal workflows, an area the company sees as increasingly important to bring more value to its customers and operates as a business.
“Six months in, I have a clear view of where this business is strong and where the opportunity lies. Our recurring revenue model gives us a solid base, our people have deep expertise in demanding environments, and our technology platform is genuinely differentiated.
We are accelerating our move into adjacent markets. The fundamentals in power, utilities and infrastructure are good, the skills requirements are similar to what we already deliver, and our platform is built for it. At the same time, our MENA business has shown real resilience through a difficult period and we are confident in its trajectory as the region stabilises.
The energy sector is changing, and we are changing with it. The need for well-trained, safety-ready people does not go away and there is growing global demand. Our job is to make sure we are the best place to go for that, wherever our customers operate.” Frode Nilsen, CEO of 3t
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