Hampshire tech firm acquired in £10m deal
Hampshire-based Next Control System, a provider of service based temperature monitoring tech for healthcare and life science, has been acquired for £10.5m.
Listed firm Elektron Technology made the acquisition, and will combine the company with its business process management software Checkit.
Through its Tutela brand, Next provides service based temperature monitoring for healthcare and life sciences within the UK.
Elektron said the combination of companies would create a global leader in the field of real-time operations management, providing technology and software that enables management teams to monitor, control and optimise business processes.
"The acquisition of Next marks another milestone for Checkit,” said Keith Daley, executive chair of Elektron Technology.
“It further significantly enhances our value proposition in capabilities, services and demonstration of scale. We look forward to realising the many opportunities offered by the combination of Checkit and Next."