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The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
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Wireless solutions provider Affini acquired by Petards Group

Petards Group, which includes the brands; QRO Solutions, RTS Solutions and Petards Rail has acquired the entire issued share capital of wireless solutions provider Affini.

Affini will be joining the group as a wholly owned subsidiary and retaining the Affini brand. Petards has a clear and established strategy for growth, by exploiting group synergies through acquisition and organically.

Ian Carr, CEO of Affini Technology, highlighted the synergies between the two companies, saying, “Joining forces with Petards, a company that shares our commitment to innovative technology and exceptional customer service, is a strategic milestone for Affini. Together, we look forward to leveraging our combined strengths to capitalize on growth opportunities across Defence, Traffic, Rail, and beyond.”

Raschid Abdullah, Chairman of Petards, said: “We are delighted to welcome Affini and its staff to the Petards Group. This strategic move marks an exciting new phase for Petards, significantly increasing our scale and revenues while expanding our operations into new sectors such as Energy, Aviation, and Buses.”


Buyside Advisors Include

    Share
    Affini
    has been acquired by
    Petards Group
    June 2024
    UNDISCLOSED
    KMG Independent Limited
    has been acquired by
    Skerritts
    UNDISCLOSED
    who's behind the deal?
    Wildnet
    has received investment from
    UK Infrastructure Bank
    July 2024
    £35m
    who's behind the deal?
    Concept Environmental Solutions
    has been acquired by
    Celnor Group
    UNDISCLOSED
    who's behind the deal?

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