a majority stake in a sheffield-primarily based manage and software systems issuer has been acquired by longacre group.
inspec answers ltd develops technology and safety structures for industries such as meals and beverage, electricity, oil and gas, metals, national infrastructure, and manufacturing.
mark ritson, dealing with director and co-founder of the business in 1999, will retain a shareholding and will stay as md.
inspec solutions will join longacre’s ideso group, which includes baldwin & francis, allenwest and igranic. the group is headquartered in sheffield and specialises in lv/mv switchgear and included strength structures.
ritson stated: “this acquisition represents a sizeable possibility for our enterprise, personnel and ultimately our customers. it will permit us to continue riding growth and development to reap the following phase of expansion.
“after 22 years as a privately owned organization, the time proper to make this circulate. becoming a member of longacre’s ideso institution, the united kingdom’s main specialist of lv/mv switchgear and incorporated electricity solutions, we can be able to flow to the next level as a organization, provide a far wider scope of deliver and information to our customers. the financial strength this will give us will allow us to recruit further and grow our already pretty functioning teams, it’ll provide us the capacity to finance and control large assignment scopes and answers.
“for our unswerving and valued group, it’ll mean greater assist, extra possibilities, and the chance to work on various and exciting generation initiatives throughout present enterprise and the destiny commercial economies across the uk and beyond as we expand and grow.”
lee hudson, handling director at ideso, introduced: “inspec is an notable strategic suit to the institution as one of the most powerful system integrators inside the commercial quarter so one can permit us to offer seamless stop-to-end connected and interoperable systems to fulfill our customers’ needs.”