Brulines acquires Energy Level Systems

Brulines Group, a data management services provider for the UK leisure sector, has bought Energy Level Systems. 


Brulines Group, a data management services provider for the UK leisure sector, has bought Energy Level Systems. 

Brulines Group, a data management services provider for the UK leisure sector, has bought Energy Level Systems. The initial consideration for the deal is £700,000.

ELS has a management system that records fuel consumption and is used by petrol stations across the UK. Management accounts for ELS to 31 January 2010 show an adjusted EBIT [earnings before income and tax] of £59,000 on a turnover of £724,000.

Taking effect in early April, the deal involves a deferred considered of up to £1.3 million that is dependent on earnings before interest and tax for the year ending March 2012.

While the Brulines Group has an established presence as a provider of devices that monitor beer usage in pubs, the acquisition complements its existing interests in the petrol forecourt sector through Edensure, a wet stock management business that was acquired in October 2008.

James Dickson, chief executive of Brulines, says: ‘This acquisition will be earnings enhancing from the outset [and] is another important step in developing a market leading integrated solution for forecourt operators and underlines our intention to replicate in the forecourt market our success in the leisure sector.’
 
 

 

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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