A world class company which designs and manufactures access control security systems has been bought out by its managers. Time & Data Systems International (TDSi) of Nuffield Road, Poole was acquired from Upperpoint Manufacturing.
More than 20,000 sites worldwide currently use TDSi solutions and more than one million people carry TDSi access cards. TDSi manages its own worldwide distributor and dealer network in 30 countries. It has recently supplied its technology to the National Bank of China and telecoms company China Netcom.
MD John Davies said the management buyout would benefit both the company and its customers. "As an independent entity TDSi will be able to benefit from the best of two worlds," he said. "The company will be in a strong position to continue and strengthen our trading relationships with the Upperpoint companies and at the same time push forward with our growth and product innovation plans without recourse to competing for group resources."
Upperpoint CEO Alun John said: "Upperpoint has experienced sustained and rapid growth in its CCTV business and our strategy is to develop and manufacture products at the leading edge of technology. This requires a considerable investment in development expenditure, which represents approximately 10 per cent of our revenues."
TDSi's MBO team was advised by:
- Dr David Young, CEO & Founder, Shield Corporate Finance
- Warren Munson, MD, Inspire, Ferndown, (tax and accounts)
- Grant Esterhuizen, Partner, Ellis Jones, Bournemouth (corporate legal, due diligence, HR, negotiation).
Further information about TDSi and Shield can be found at:
www.tdsi.co.uk
www.shield.uk.com
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