Expansion into England
Glasgow software firm to double after deal
Altia Solutions, which provides software for police and intelligence services around the world, has bought Nottingham-based ABM for an undisclosed sum.
The acquisition marks the most significant expansion for Altia. The combined business will double in size. Both offices will be retained.
Ian Watson (pictured), managing director at Altia, said: “This deal represents a great opportunity to extend our market share in the UK and abroad, and is an excellent fit with our business. It’s not just about expansion, it is about evolution of the products and services.”
Beyond the UK, Altia’s products are used by the Canadian and Australian police and tax authorities as well as the authorities in South Africa, Hong Kong, Central and South America.
ABM supplies covert investigation management software to the majority of UK police forces as well as forces and investigation authorities in Canada and Australia.
Altia Solutions was advised in the deal by Johnston Carmichael. Lyn Calder, director in the firm’s corporate finance team, said: “Altia Solutions is a great example of a Scottish tech company with a terrific product and a robust strategy, and this acquisition is an important element of delivering its bold vision for growth.
“This puts the Altia team in a prime position in the UK market with a scalable proposition for customers providing a strong platform for taking the business further into the UK and international markets.”
The deal was funded by Santander, led by structured finance director Roddy Kilpatrick. He said: “We are delighted to support the ambitious team at Altia Solutions in providing growth capital funding to support the ABM acquisition. The transaction brings two highly complementary software businesses together and we are proud to play an important role in Altia’s exciting growth strategy.”