NorthEdge-backed Orbis acquires Optosafe

The acquisition was funded in part by financing provided by Clydesdale Yorkshire Bank. The bank is expected to support Orbis in its future growth plans. This is Orbis's first acquisition.

Orbis partnered with Optosafe for three years up to the acquisition.

NorthEdge Capital invested in the management buyout of Orbis in August 2018. The firm secured a majority stake in the business, backing the existing management team led by CEO Guy Other and chief operating officer Ben Howard. Orbis is expected to achieve EBITDA of more than £8m.

Current Optosafe chief technology officer John Robertson has joined Orbis as managing director of the Optosafe division.

Company
Optosafe was founded in 2013 and is based in Glasgow. The company designs security and monitoring systems for the construction, infrastructure and utilities sectors.

Advisers
Acquirer - Deloitte (corporate finance); Browne Jacobson (legal); BDO (financial due diligence); Fairgrove Partners (commercial due diligence); Better Basics (commercial due diligence).

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