LIVINGBRIDGE ACQUIRES NORTH AND COMPLETES STRATEGIC ACQUISITION OF DATA TECHNIQUES ON DAY ONE
North, the UK’s leading IoT service and solutions provider, has been acquired by mid-market private equity investor, Livingbridge. The news comes as North, confirms it has significantly expanded its UK footprint with the strategic acquisition of Data Techniques, a specialist in network infrastructure design, installation and support services.
Livingbridge has a strong track record within the technology sector and has made the investment through its £1.2 billion Livingbridge 7 fund. It has acquired North from Aliter, a specialist firm within the support services industry.
Livingbridge’s investment will accelerate North’s ambitious growth plans. The business currently employs over 270 staff and is focused on driving regional expansion, strengthening its service lines such as IoT and 5G within critical and complex environments and continuing to build long-term partnerships with the likes of Aruba, Cisco and Nokia.
The acquisition of Data Techniques is testament to North’s strategy to consolidate its position as a market leader. Data Techniques has 90 employees, located across three UK offices in Camberley, Southampton and Basingstoke. The acquisition will reinforce North’s presence in the South East and allow it to operate a national network of highly technical engineers, covering the design, build, maintenance, and monitoring of end-to-end IoT solutions and services.
“The last year has seen tremendous change and growth for North and saw five business brought together to form an established player, well positioned to take advantage of growth opportunities. The acquisition of Data Techniques demonstrates our focus on building our client base and breadth of services through smart expansion and acquisitions.
“Aliter’s support and guidance has been invaluable. We are now looking forward to building on our success with Livingbridge who have recognised the potential of our business and have the expertise and knowledge that will help to drive our business forward.”
Aliter Founding Partner and North Non-Executive Chairman, Greig Brown, added:
“Over the last few years, North has seen sustained growth and we have worked closely with Glen and the management team as it has transformed into a UK-wide organisation at the forefront of the smart integrated technologies market. We are pleased to have been able to support the growth of the business to date and wish the team well as they embark on the next stage of their journey with Livingbridge.”
Matthew Caffrey at Livingbridge, said:
“We are delighted to be partnering with North, a business with a unique breadth and depth of expertise across the IoT, networking and connectivity, and safety and security, and with a clear potential for growth. We are excited to work with CEO Glen Williams and his experienced management team to develop North’s strong capabilities and consolidate a fragmented industry through further M&A to better service the rapidly growing intelligent buildings and smart cities market.”
Nick Crosby, Data Techniques, commented:
“It has been clear since we began discussions with North, that our businesses share many synergies, including a commitment to providing a high quality of service to our broad customer base. We are excited to join the North business and look forward to a period of accelerated growth over the coming years”.
Notes to editor
North provides intelligent integrated technology solutions that transform the way people, organisations and places work. The business provides a unique breadth and depth of expertise across the Internet of Things, Networking and Connectivity, and Safety and Security. North’s experienced specialist teams work closely with public sector and enterprise to create innovative technology solutions that deliver true value.
North operates IoT Scotland, the UK’s most advanced IoT network and provides affordable and accessible connectivity to businesses and organisations across cities, towns and rural areas enabling them to tap into the use of smart sensor technology applications.
Find out more at www.north.tech
Livingbridge is a mid-market private equity firm with offices in the UK, the US and Australia, investing in fast growing companies valued up to £300m. Our team have been backing growing businesses together for twenty years. We’ve done it over a hundred times, turning many into household names both at home and abroad. We get growth. We understand the people behind growing companies in consumer markets; healthcare and education; technology, media and telecommunications; financial services and business services, and help them achieve what’s right for them and their business.
Find out more at www.livingbridge.com