Connectivity solutions provider CSL has been acquired by Norland Capital, ICONIQ Capital and RIT Capital Partners.
Founder Simon Banks commented on the news: “We are keen to continue investing in product innovation and support for our fire and security customer base in the UK, Ireland, Nordics and Netherlands. The new partnership enables CSL to expand into other close verticals and take managed connectivity to a world stage.”
Ed Heale, CSL’s Managing Director commented: “With the support of our new financial partners, we can continue to improve the service we provide in our existing markets, as well as accelerate our plans in other sectors both organically and through acquisition.”
The news came in the same week that Vodafone UK announced that it has signed a 10-year extension to its existing agreement with CSL, to provide a managed Internet of Things (IoT) connectivity platform. The new service will support CSL’s expansion into new vertical sectors.
“By extending our partnership with Vodafone, we have the expertise of a total communications provider that recognises the importance of maintaining investment into critical network services and is able to support our growing service and IoT needs,” said Ed Heale.
