Video Tec zooms in on target

CCTV installer Video Tec acquired competitor Security Management Plus in a deal worth more than £1 million. 


CCTV installer Video Tec acquired competitor Security Management Plus in a deal worth more than £1 million. 

CCTV installer Video Tec acquired competitor Security Management Plus in a deal worth more than £1 million. The acquisition, which was funded by Royal Bank of Scotland, marks the next stage of Video Tec’s plans to expand into new markets.

The company said the Staffordshire-based target, which produces CCTV systems for schools, would bring the turnover of the new enlarged business to £5 million.

“Our strategy has been to grow the business by acquiring well established companies operating in a similar market to ourselves,” managing director Bob Lister said.

Video Tec sells systems to the retail, commercial and industrial sector. The company acquired Zoom CCTV in 2005.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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