Thursday, May 23, 2013

News: Connexion2 acquired by Kings III of America


Connexion2, The Rotherham company that uses innovative technology solutions and associated services to improve the safety and productivity of lone workers, has been acquired by the US leading emergency communications company, Kings III of America.

The multi-million pound strategic move will strengthen the Dinnington firm's core business offerings on both sides of the Atlantic and see them target new geographies.

Connexion2 was launched in 2003, backed by investors including South Yorkshire Investment Fund, through its fund manager YFM Equity Partners who have supported the business throughout its development. Connexion2, which employs around 30 staff, developed and manufactures Identicom, which is now the UKs most widely deployed dedicated lone worker device. A unique communication device, Identicom offers discreet wear and comprehensive protection to a lone working user.

Connexion2 will retain its existing trading name and its SoloProtect brand-presence throughout the United Kingdom. Kings IIIs acquisition will help facilitate the further development of a number of key European & Asian markets as well as home US and Canadian markets, also using the SoloProtect brand.

Craig Swallow, Managing Director of Connexion2 commented: "We're delighted to announce Kings III's acquisition of Connexion2 as we believe this will enable us to provide our market leading lone worker solutions and customer support to a greater number of businesses.

"For a while now, Connexion2 has sought a strategic partnership that truly allows it to develop fully into other target geographic markets. I believe the partnership with Kings III will enable us to do this in the coming years."

Connexion2 was advised by Leeds based Sentio Corporate Finance, led by partners Will Arnold and Dave Irwin. The corporate team at Nabarro in Sheffield, led by Gareth Saynor and Elliot Jackson, provided legal advice.

Sentio Partner Will Arnold said: "Connexion2 is proud to develop technologically advanced products and services from its South Yorkshire base which have International applications and appeal. The transaction with Kings III represents a great strategic fit and will allow Connexion2 to build upon its market leading position and excellent customer base in the growing lone worker safety market."

Gareth Saynor, Corporate Partner at Nabarro, added: "Having worked with Connexion2 for a number of years, we are delighted for the shareholders and that the Company has found an excellent new home.  It's pleasing to see a quality South Yorkshire business go from launch to international success, with the support of local funders and advisors.

Connexion2 website

Images: Connexion2


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