Laurel Solutions, an affiliate of private equity firm FFL Partners (FFL), has completed the acquisition of Servelec Technologies, a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimisation software providing complete end-to-end automation and optimisation solutions to clients around the world.
Terms of the private transaction were not disclosed.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services have been trusted by the world’s leading companies across sectors such as water and wastewater management, oil & gas, transportation, communications & broadcast, and energy. Servelec Technologies delivers efficiency savings to customers by creating systems that collect, communicate, and exploit data.
“Servelec Technologies is a leading provider of connected remote monitoring and control solutions, helping clients and industries to realise their digital futures, and our investment further builds out our leading portfolio in remote asset monitoring and control,” says Martin Carter, CEO of Laurel Solutions. “We are excited to partner with Servelec Technologies’ highly-talented management team, and plan significant investment in innovative products and solutions that will enhance the Company’s already outstanding offerings.”
