The company has developed a comprehensive portfolio of innovative connectivity solutions for industrial internet-of-things (IoT) devices, continually investing in R&D to offer cutting-edge solutions for organisations across all sectors.
The company is driven by a highly experienced management team with a wealth of specialist industry expertise, and has established a world-class channel and distribution network, providing it with a considerable global reach across a wide range of sectors and supporting its continued expansion.
The shareholders believe that the company’s performance can be scaled and enhanced at a significantly improved rate through the sale of the business to an organisation that can facilitate more rapid investment.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2020 (Actual) | 3,452 | 602 |
| 2021 (Actual) | 3,568 | 640 |
| 2022 (Actual) | 4,039 | 1,076 |
| 2023 (Actual) | 4,433 | 1,127 |
| 2024 (Forecast) | 4,400 | 716 |
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