Technology focused corporate finance boutique Acuity Advisors, has secured the cross-border sale of Sentec Limited to Sensus Inc.
Sentec, based in Cambridge, UK, is an award-winning research organization that develops electronics and sensor technologies for utilities companies, meter manufacturers and infrastructure providers. The acquisition expands Sensus’ global engineering resources in emerging and transformational technologies, including those that support the Internet of Things (IoT),Smart Grid and Smart Buildings.
Founded 18 years ago, Sentec has key expertise in mechanical engineering and embedded firmware development having a strong history developing its own Intellectual Property. Sentec will maintain its independence, team and operations in Cambridge. This change of ownership will enable Sentec to invest further and develop its IP portfolio and resources to meet the increasing requirements of customers as they look to exploit the full potential of connected devices and data. Sentec will function as a centre of excellence, continuing to provide its current range of services.
Chris Shelley, Sentec’s CEO, commented: “Acuity has provided Sentec with fantastic support and advice over the past 6 months as we have executed our exit process. Their insight into our sector and their knowledge of M&A has delivered enormous value to us throughout. On a personal basis they are also a great team to work with, and I have been able to rely on them without reservation.”
Matthew Byatt, partner at Acuity Advisors, who led the process, commented: “Sentec has an enviable reputation for delivering world-leading technology. We are delighted to have helped bring together Sentec’s technical expertise with the global resources of Sensus to accelerate the next phase of the company’s growth. This is the seventh IoT transaction we have advised in the last eighteen months and is a great example of our focus on delivering excellent value and results for our clients.”
Acuity has provided Sentec with fantastic support and advice over the past 6 months as we have executed our exit process. Their insight into our sector and their knowledge of M&A has delivered enormous value to us throughout. On a personal basis they are also a great team to work with, and I have been able to rely on them without reservation.Chris Shelley Sentec
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