Boston Networks focused on growth with 2020 acquisition
Boston Networks’ chief executive Scott McEwan
Boston Networks, the Glasgow-based smart integrated solutions business, has completed the acquisition of 2020 Vision Systems as it accelerates its UK growth plans.
The purchase of North Shields-based 2020, for an undisclosed sum, is the latest step to establish the company as the UK mid-market leader in network-enabled smart integrated technologies to improve the performance, safety and security of buildings, campuses and cities.
2020 is a specialist in IP-enabled security technology, video surveillance, access control and converged security solutions, and has a strong presence in north-east England and the Midlands.
The deal, which brings the staff count of the overall Boston Group to 170, is the second acquisition since specialist investment fund Aliter Capital acquired a major stake in Boston Networks in January this year. The first of these acquisitions, in April, was that of PEL Services.
Scott McEwan, Boston Networks CEO, said: “We look forward to leveraging 2020’s many years of experience of working in key areas of critical physical security, which will help us to drive towards the next phase of our growth.
“This acquisition further deepens our services in the further education sector, enhances our existing security offering through the cloud platform and significantly spreads our geographic coverage.”
Greig Brown, partner of Aliter Capital and chairman of Boston Networks said: “2020 Vision Systems is an excellent fit for the Boston Group.
“It is a significant step forward in our plan to create a national provider of integrated life safety, security and networking services, in key sectors, specifically targeting mid-market UK-based blue chip companies.”