BDO provided financial and tax due diligence and SPA advisory services to Sdiptech AB on their acquisition of Alerter Group.
Based in Stockholm, Sdiptech AB is a technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, safety & security, transportation and air climate. As part of their offering in urban areas, they also provide niche technical services for buildings and real-estate.
Alerter Group Ltd is a British technology company providing emergency communications systems for disabled people in the UK and Ireland. Alerter Group specialise in radio-based fire alarm systems for deaf and hard of hearing people, radio-based emergency disabled refuge systems, and other adaptable radio-based communication systems for high risk workplaces.
"We are delighted to welcome Alerter Group to Sdiptech. Through their radio-based rescue system that sends out emergency messages and enables direct communication with rescue personnel, disabled people get a better chance to get out of a burning building. And by doing so, more lives can be saved"
Jakob Holm, CEO of Sdiptech."Advising Sdiptech on their latest UK acquisition was a great achievement in the current economic climate. The acquisition of Alerter Group, based in the Midlands, increases Sdiptech’s UK presence and adds to their focus on technologies that create sustainable, efficient, and safe societies. I wish the team all the best as they realise the potential of Alerter Group as part of the Sdiptech family”
David Billington, Managing Director, BDO LLP