Servelec Technologies buys Primayer

Servelec Technologies, a subsidiary of Laurel Solutions, said Aug. 27 that it closed its buy of Primayer. Financial terms weren’t announced. Primayer develops and makes technologies for the effective monitoring of water networks and for reducing the loss of potable water. Laurel Solutions is backed by FFL Partners.

PRESS RELEASE
Servelec Technologies Completes Acquisition of Primayer

Servelec Technologies, a subsidiary of Laurel Solutions that provides remote telemetry units, secure SCADA systems and business optimisation software, today announced it has completed the acquisition of Primayer, a global leader in water network leak detection and location. The transaction was completed by way of Servelec Technologies’ holding company, Laurel Solutions. The two businesses will be combined under the leadership of David Frost, MD of Servelec Technologies. Terms of the private transaction were not disclosed.

Hampshire-based Primayer develops and manufactures intelligent technologies for the effective monitoring of water networks and for reducing the loss of potable water. With over 20 years of experience and distributors in over 45 countries worldwide, Primayer is committed globally to supplying quality products for water utilities, consultants and contractors.

“The Servelec management team and Laurel Solutions are firmly committed to continued investment in Primayer’s people and solutions so that together we may grow and develop our combined range of complimentary products and software services for all our customers in markets around the world,” said David Frost, MD of Servelec Technologies.

Martin Carter, CEO of Laurel Solutions said “This investment in Primayer further builds out our leading portfolio in remote asset monitoring and control. We were excited to partner with Servelec Technologies’ highly talented management team, and this acquisition will bring innovative products that will enhance Servelec’s already outstanding offering.”

“It has always been important that Primayer strives to develop new products and services utilising the latest industrial technology in order to meet the changing and longer-term future needs of our customers,” said Roger Ironmonger, Primayer MD who is retiring but will stay associated with the business during the transition period as a special advisor. “The opportunity of a merger with Servelec Technologies was assessed as being an ideal fit for our complementary products, and an opportunity not to be missed for Primayer to become part of a larger solutions-based organization.”

“The combination puts Primayer in a stronger position to invest in technology for solving the world’s urgent water network supply and water loss reduction challenges and will enable us to better develop a strong, global market position,” Roger Ironmonger added. “We are excited for our valued staff to work with the talented Servelec team, who share our commitment to bringing to market innovative solutions which will drive substantial global growth.”

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About Primayer
Primayer designs and manufactures industry leading leakage detection hardware, software, and web-based services which enable water network leak detection and leak location in order to help customers around the world deliver optimum efficiency to their customers.
Learn more at www.primayer.com.

About Servelec Technologies
Servelec Technologies is a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimization software providing complete end-to-end automation and optimization solutions to clients around the world.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services have been trusted by the world’s leading companies across sectors such as water & waste management, oil & gas, transportation, communications & broadcast, and energy. Servelec Technologies delivers efficiency savings to customers by creating systems that collect, communicate, and exploit data. Servelec Technologies is a subsidiary of Laurel Solutions.
Learn more at www.servelectechnologies.com.

About Laurel Solutions
Laurel Solutions works with leading businesses to grow the smart use and development of industrial technology. Its companies provide commercial and industrial hardware, software, and connectivity solutions that improve productivity, safety, and environmental performance. Laurel Solutions is backed by FFL Partners, allowing it to draw on the resources of a renowned private equity firm while maintaining the nimbleness of a startup.
For additional information, http://www.laurelsolutions.com.