Sure-Track Monitoring Plc, a provider of asset-tracking services, has acquired the entire share capital of IBP Group, which specialises in a variety of security products. 

Sure-Track Monitoring Plc, a provider of asset-tracking services, has acquired the entire share capital of IBP Group, which specialises in a variety of security products.

Sure-Track is based in Kenilworth, Warwickshire, and focuses on security tracking and recovery services for moveable high-value assets, such as construction and farm equipment. Tipton-based IBP provides advice and security products to financial institutions and retailers in order to reduce robbery and violent crime.

Will Hirons, managing director of Sure-Track, said: “I am delighted to be able to announce the acquisition of IBP. Both companies complement each other, with our experience in the security tracking arena and IBP’s product suite of security prevention.”

In the six months ended 31 July 2008, Sure-Track reported a net profit of £2,898, a turnaround from a loss of £85,560 in 2007. The company’s chairman, Nigel Linacre, commented: “We are delighted to announce a small profit in the first half of our financial year, despite a delay in the release of the new product and the necessary changeover period from the old to new product with existing customers.”