Corporate specialists advise Servelec Group on the sale of Servelec TechnologiesPrint news article
A team of specialist lawyers at Walker Morris have advised Servelec on the sale of Servelec Technologies and its subsidiaries, a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimization software, to Laurel Solutions, a holding company which works with leading businesses to grow the smart use and development of industrial technology.
Richard Naish, Oliver Duke, Laura Cavell, Marianne McKeown and Verity Mulkeen from Walker Morris provided legal advice to Servelec.
Neville Davis, Chairman of Servelec commented:
“We are pleased to confirm the sale of Servelec Technologies. The company has a strong strategy in place to further develop the business and we wish David Frost, Managing Director of Servelec Technologies, and the team every success for the future.
“Servelec is now wholly focussed on our core public sector markets of NHS and local government. As these markets continue to integrate and share data to deliver improved care, we are working very closely with our customers to provide what they need for a joined-up future. Digital Care is at the heart of what we do; we are certain that this will enable the sectors we address to provide higher quality service in a more cost-effective manner.”
Richard Naish, added:
“It has been a pleasure to work with longstanding client Servelec on the sale of Servelec Technologies, which follows the recent disposal of Servelec Controls. This multi-jurisdictional deal was run by our team in Leeds, with expert support from law firms in Australia, Belgium, France and the US, enabling us to deliver a cross border service to the client.”
Servelec, a leading software provider to the NHS and local government for over 20 years, will now focus on the healthcare, social care and children’s services markets. With a strategy to support the provision of Digital Care, Servelec’s software helps NHS trusts to deliver against the NHS 10 year plan for digital maturity and supports local authority social work, youth services and education practitioners in accessing the right information at the right time to deliver improved outcomes.
Laurel Solutions is backed by FFL Partners a San Francisco-based private equity firm with over $4.5 billion under management.