Acuity advises Reactec on its sale to Ideagen

Reactec, an industry-leading provider of innovative wearable technology including an intuitive data analytics platform, has been acquired by Ideagen (backed by Hg Capital). The strategic move reinforces Ideagen’s position as a global leader in compliance and risk management software, and has further strengthened its worker health and safety solutions.

This acquisition marks a pivotal step in Ideagen’s mission to enhance safety and operational excellence for its customers, particularly those in high-risk industries such as mining, construction and manufacturing.

Reactec’s workplace wearables and cloud-based analytics enable businesses to take a more proactive approach to the management of workplace hazards such as exposure to vibration, dust, noise and proximity to hazards.

Jacqui McLaughlin, CEO of Reactec said:

“It has been both a privilege and great fun working with the Acuity team. Their professionalism and expertise have shone through at every stage of the process.”

Iain Mackay, Chairman of Reactec said:

“Acuity’s sector knowledge, and hands-on approach were pivotal in securing an outstanding result. The team expertly navigated every stage of the process, offering timely advice, managing complex negotiations, and keeping the project on track from start to finish. Their professionalism and dedication made them an invaluable partner and ensured an excellent outcome for the shareholders and company alike.”

David Ovens, Managing Director of Archangels said:

“We had a great service from Acuity from start to finish. They ran a competitive sale process, eliciting a range of high-quality options. Once we had decided to move forward on an exclusive basis with one party, they managed every detail of the process efficiently and effectively, securing an excellent outcome for the selling shareholders.”

Richard Baker, Managing Partner at Acuity said:

“It has been a pleasure working with the Reactec Shareholders and the management team on this transaction. We are delighted to have supported the team in finding the ideal partner to accelerate the execution of the long-term strategic plan. Together, we wish both Ideagen and Reactec every success for the future.”