Newcastle based Specialist Alarm Services Ltd (SAS) has been acquired by Swedish investment group Lifco with promises to support management in scaling the business.
The undisclosed deal means Lifco will acquire the entire issued share capital of SAS, a city centre based firm which which designs, manufactures, supplies, installs and maintains specialist alarm systems, primarily for the healthcare sector.
The shares in the company, which was founded around 40 years ago, have been purchased from sole shareholder and technical director Daniel Eastwood, who led a debt funded MBO of SAS in 2008.
