MBO completes at Sheffield tech business Servelec

Credit: Shutterstock.com/ YURALAITS ALBERT

Andrew Mills, Managing Director of Sheffield tech and software business Servelec, has led the management buyout of the company’s systems integration business, Servelec Controls.

Backed by private equity firm Alcuin Capital Partners, Mr Mills and the management team now lead the business in its future strategy.

The goal is to transform Servelec Controls into a robust, stand-alone entity and a market leader in the UK Systems Integration industry.

The ability to run the business as a standalone entity will enable Servelec Controls to be more agile in its approach to both its staff and its customers in critical industries which include oil and gas, nuclear power and defence.

Servelec Controls will no longer be part of the Servelec group which was recently taken private from its previous Stock Exchange listing on the LSE main market.

Servelec continues as the current Servelec (healthcare, social care and education) and Servelec Technologies businesses.

Alan Stubbs, Servelec CEO, said: “We are pleased to confirm the sale of Servelec Controls and wish Andrew and the team every success for the future.

“Under Andrew’s leadership during the past 18 months and the focus he has provided to the business, Servelec Controls has delivered a strong performance and has transformed into a strong business with a great team across four strategically located office locations.

“Servelec now moves forward as a blended business focused on the healthcare, social care and education business and Servelec Technologies which delivers optimised automation across asset management for utility industries.”