Private equity firm to buy technology group for £223m
Private equity firm Montagu has agreed to buy listed Sheffield technology firm Servelec for £223.9m.
Servelec, which announced in September a return to profit for the first half of this year - just over 12 months on from issuing a profit warning and seeing a shares slump - provides software, hardware and services to the healthcare, social care and education, oil and gas, energy and utilities sectors.
The company, which was founded in 1977, was valued at £122m when it listed on the London Stock Exchange’s main market in 2013.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
