Boston Networks buys ICT and networking specialist

Boston Networks has bought Pinacl, a provider of ICT infrastructures encompassing the IoT, smart buildings and cities and major fibre optic networks supported by Aliter Capital LLP, a private equity fund.

The deal brings together Pinacl and Glasgow-based Boston Networks – establishing a major player with full design, installation, management and support capability across the areas of network infrastructure, smart buildings, Internet of Things (IoT), physical security and life safety systems.

Boston Networks recently launched the pioneering £6m IoT Scotland, the UK’s most-advanced IoT network after being chosen to lead the commercialisation of IoT across Scotland – a project part-funded by the Scottish Government. Pinacl has also experienced significant success within this dynamic market, with recent wins including the building of a world leading intelligent street lighting solution for Aberdeen City Council utilising the latest IoT technologies.

The deal was advised by RSM’s corporate finance team including James Wild, Rikesh Patel, Ben Everson and Christian Hitchen advised the management team at Pinacl.

Rob Bardwell, Pinacl CEO, said: “Pinacl has had impressive growth over the last four years and has an appetite to accelerate its growth further. We have been impressed with the Aliter approach and we know the Boston Networks business very well. The Pinacl management team are extremely excited with the prospects for the combined group through its wide range of capabilities.”

Rikesh Patel, associate director at RSM, said: “The strategic deal brings together two of the fastest growing UK IoT businesses that share a real synergy in approach and ambition. The increased service offering and capability supports the commercial aims of both businesses, which provides the perfect platform to maximise the opportunities in this buoyant sector.”

Sponsor

Our Other Titles

Latest

Former IBM Greencok site cleared ahed of potential £100m rejuvenation

GROUNDWORK to prepare the historic IBM Greenock site for a potential £100million residential and commercial transformation has begun in earnest.

Continued growth for Addleshaw Goddard in Scotland

DESPITE a challenging period, Addleshaw Goddard has continued to see growth in Scotland, the rest of the UK and internationally with revenues...

Anti-counterfeit team set up by Scottish IP firm to tackle scourge of replica goods

A SPECIALIST anti-counterfeiting team has been created by IP firm Marks & Clerk in response to the growing counterfeit goods trade, which...

Logan Energy gets hydrogen on the road in multi-million pound Teesside project

EDINBURGH-based hydrogen technology specialist, Logan Energy, has been chosen as the preferred partner to supply two of the first publicly-accessible hydrogen refuelling...

Orbis Protect acquires Glasgow-based Optosafe

GLASGOW-based Optosafe has been acquired by Orbis Protect. The deal comes comes following a sustained growth in Orbis Protect...