Boston Networks, the Glasgow-based life safety, security and integrated technologies business, has completed the acquisition of PEL Services Limited as it accelerates its ambitious plans for UK growth.
The purchase of London-based PEL for an undisclosed sum represents its first bolt-on acquisition in the drive to establish Boston Networks as a major UK group and a national provider of integrated life safety, security and networking services.
The combined group will employ 150 specialist staff, giving it the reach and capability to provide services to major public and private sector customers across the UK.
Boston, established in 2000, is an integrated technologies specialist working across IT network infrastructure, with a focus on life safety, security and smart building solutions, encompassing wired and wireless systems.
The deal is the first acquisition since the specialist investment fund Aliter Capital acquired a major stake in Boston Networks in January. Glasgow and London-based Aliter, which focuses on small to mid-size UK support services businesses, will work with Boston to deliver organic growth and target further complementary bolt-on acquisitions.