Entrepreneurs Hub are pleased to announce that Renovotec has acquired all shares in leading wireless specialist and UK distributor/reseller of major network brands WifiGear Limited.
About Wifigear and DigitalAir
Wifigear brings premium wireless networking and security products to a growing base of UK specialists seeking to deliver compelling solutions for customers demanding reliable comprehensive wireless solutions
Digital Air is one of the UK’s leading cloud-based wireless specialists, offering cloud, design, installation, consulting, and network support services.
Entrepreneurs Hub Director, Andrew Shepperd, who led the transaction says: “DigitalAir and WifiGear have become highly trusted brands in the UK, synonymous with dependable technology, innovative solutions and knowledgeable specialist service. With the ubiquitous requirement for ‘always on’ connectivity and mobility, the compelling offering from the Poole based business has become indispensable. Renovotec has steadily cherry-picked attractive investments that support its unwavering ambitions to deliver valuable efficiency and productivity gains with a focus on successful customer outcomes. WifiGear and DigitalAir neatly fit those criteria and make an excellent extension to an increasingly robust technology solutions portfolio. It’s been a pleasure to work with Mark and the team in such fascinating and increasingly essential business ”
Mark Julier, MD of Wifigear, comments: “We were really pleased with the way in which Andrew and his team at Entrepreneurs Hub, spent time understanding us, supported us through the preparation and final marketing of our business. They helped us find and successfully complete a transaction with an excellent acquirer. Renovotec will help us grow to the next level ”
Richard Gilliard, MD of Renovotec expressed his enthusiasm after the acquisition. “WifiGear, is another exciting part our growing portfolio and international coverage. WifiGear is an excellent addition and will marry well with other acquisitions and investments we are making across Europe. These investments will continue building our international presence, securing both excellent skills from acquired companies, serving growing markets and supporting the technology needs of multi-country presence customers’.
Malcolm Murray, Entrepreneurs Hub Director, says: “I am delighted for Mark and Laura, Renovotec is great acquirer to support the team at Wifigear to take the business from strength to strength”
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Renovotec is the UK’s fastest growing provider of rugged mobile hardware; as well as delivering end to end managed & consultancy services, wireless networking, enterprise mobility, mobile data capture, printing and hardware rentals solutions. With over 25 years of industry experience, Renovotec supports customers across multiple industry verticals – including Warehousing, Transport & Logistics, Seaports, Healthcare, Retail, Manufacturing and Field Mobility.
Röko AB is a Swedish investment company that was founded in the spring of 2019 by Tomas Billing, former CEO of Nordstjernan, and Fredrik Karlsson, former CEO of Lifco, and with EUR 270m in committed capital from 120 Nordic individuals. Röko focuses on identifying and acquiring extraordinary businesses with strong market positions in their respective niches and with proven success evident through strong financial performance.
About Entrepreneurs Hub
Co-founded by Malcolm Murray and Andrew Shepperd, Entrepreneurs Hub is a boutique corporate finance house with hubs in London, Hampshire, Birmingham and Manchester. Entrepreneurs Hub provides expert advice to business owners and shareholders looking to prepare and sell their business to maximise the value and, most importantly, sell first time. They believe that proper preparation, quality research to highlight a choice of potential buyers and experienced negotiation skills will result in a successful outcome for their clients.
Contact Malcolm Murray 07899 913220 or Andrew Shepperd 07517 103407
email – [email protected]