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    Innovative Electronic Technology Ltd acquired in MBI deal

    IET-820x400

    Innovative Electronic Technology Ltd was acquired in a management buy in deal.

    The Hertfordshire based company are leaders in access control systems, offering flexible and intelligent security solutions over a broad spectrum of applications and in many sectors including commerce, education, government, health, sport and leisure.

    Established in 1981, the £700k turnover company initially worked as a design house incorporating electronics into a variety of products and consulting in a government sponsored technology design group. The business now provides a wide range of access control components and systems including readers, stand alone and on-line control systems and associated software.

    The opportunity generated in excess of 20 expressions of interest from a variety of buyer types including various companies within the security systems sector.

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