PE firm Aliter Capital has brought together Glasgow-based Boston Networks and north Wales located Pinacl Solutions to create a circa £50m revenue business. The enlarged organisation, which has a 300 headcount, will focus on network infrastructure, smart buildings, the IoT, physical security and life safety systems.
Boston Networks is the driving force behind a £6m IoT network in Scotland, a project part-funded by the Scottish Government.
Pinacl has also made its presence felt in the IoT space having built and delivered an intelligent street lighting solution for Aberdeen City Council.
Aliter Partner and Boston Networks Chairman Greig Brown said: “Since our investment into Boston Networks we have been focused on creating a national provider that has major credibility across the networking and systems integration market.”
Pinacl CEO Rob Bardwell added: “Pinacl has an appetite to accelerate its growth. The prospects for the combined group through its range of capabilities are exciting.”
According to Boston Networks CEO Scott McEwan (pictured) Pinacl offers 'complementary technologies, customers and geographical coverage'.
"It will be business as usual for the two companies," he added. "The synergies are obvious."
Aliter acquired a majority stake in Boston Networks in January 2018. The company also acquired PEL Services in April last year and 2020 Vision Systems in December.