Five technology, networking, safety and security providers owned by private equity firm Aliter Capital have come together to form a new company.
Glasgow-based Boston Networks, Wales-based Pinacl and Pinacl GDA, Birmingham-based 2020 Vision Systems and London-based PEL Services have rebranded as North, which has plans for £100m revenue in the next three years.
The newly formed company is part of Aliter Capital’s strategy to build a network serving a range of products across the UK, and will increase its 250 headcount with strategic appointments.
North intends to target local and regional authorities with rolling out IoT infrastructures nationwide. Among recent project wins are several Government and public sector projects totalling £18m.
North’s group executive chairman Rob Bardwell, former chief executive of Pinacl, said: “This remarkable year has seen a shift in the way we all live and work, with working from home now a reality for many now and into the future.
“Technology and network solutions have never been more pertinent for companies and we know they are now high up on the board agenda of every organisation.”
North’s group executive director is Scott McEwan, former chief executive of Boston Networks, who said: “Throughout the pandemic all of our constituent companies have bucked the trend by securing major contract wins which have added to our growth trajectory and it’s a very exciting time for North to be born.”
Scott McEwan, North’s group executive director and former CEO of Boston Networks, added: “Throughout the pandemic, all of our constituent companies have bucked the trend by securing major contract wins which have added to our growth trajectory and it’s a very exciting time for North to be born.
“In recent years we’ve gone from strength to strength, and through bringing each of the group’s companies together we have a unique offering and expertise within the business to tackle the challenges of our customers across the UK and globally.
“Covid-19 has put network infrastructure and the safety and security of people, buildings and assets at the top of the agenda for both private sector companies and the public sector as they require robust and secure systems at the heart of their organisations during the pandemic and in the future.”