Anite puts focus on wireless technology
Anite announced its intention to focus on wireless business by disposing of its public sector division in a £54.3 million deal with Northgate Information Solutions.
Anite announced its intention to focus on wireless business by disposing of its public sector division in a £54.3 million deal with Northgate Information Solutions.
Steve Rowley, Anite chief executive, explained: The sale of Anite Public Sector marks another phase in the transformation of Anite. It reinforces our commitment to positioning wireless as the heart of our business whilst aiming to reduce the conglomerate discount that affects the valuation of our shares.
Over the past two years, the wireless telecoms division of the group has been positioned at the heart of Anites business. This follows the rapid growth of the wireless business, which now represents a greater proportion of Anites operating profits and revenues, and the acquisitions of wireless voice analysis business Nemo and WiMAX device testing specialist Invenova, which have been incorporated within it.
Anite Public Sector Holdings incorporates Anites secure information systems businesses, which provides police communications information systems.
The deal comes four months after the acquisition of Northgate Information Solutions by private equity firm Kohlberg Kravis Roberts & Co (KKR), demonstrating the new owners commitment to expand Northgates public service business.