KBS Corporate Advise on Sale of Innovative Electronic Technology Limited
Innovative Electronic Technology Ltd has been 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.