Acquisition to accelerate growth at digital solutions provider
ITI, one of the UK’s largest independent systems integrators, has acquired Saltaire-based Cimlogic, a digital manufacturing solutions and services provider to some of the world’s biggest manufacturers.
The deal will enable the group to provide a wider, end-to-end portfolio of digital solutions for its customers.
ITI provides real-time monitoring and information systems to the UK’s major operators in the energy and infrastructure sectors.
These systems monitor and predict safety issues and equipment performance. The business says Cimlogic’s solutions complement its own capabilities by enabling reduced costs, regulatory compliance, increased capacity, on-time delivery, accelerated new product introduction and sustainable operations.
The acquisition will also increase ITI’s presence both nationally and internationally through Cimlogic’s operations in North America and Europe.
ITI Group CEO, Andrew Mills, said: “This is fantastic news for both ITI and Cimlogic. Together, we can use our collective expertise to ensure our clients properly use their data to automate their operations, delivering return on investment and improved service to their own customers.”
Mike Hodge, CEO and major shareholder of Cimlogic, who will become ITI Group CTO, said: “Following 20 years of relentless effort and ambition to connect manufacturers with the most suitable, latest technology, we’re excited to become part of the ITI Group.
“Working with ITI means we can accelerate the expansion of our business and provide a wider portfolio of solutions and services to new and existing clients.”
Mark Hardy, chairman of the ITI Group, added: “The additional capabilities and industry experience significantly enhances our scope and capability.
“Over half the Group’s business will now be focused on advanced digital solutions, providing analysis, simulation and operational management capabilities that add significant business value to customers.
“The addition of Cimlogic’s unique RAISE™ methodology to the overall portfolio will assist customers embarking upon digital transformation to navigate their requirements in a structured and cost-effective manner.
“At the same time our automation, control and safety systems activities continue to grow, with multiple new projects being secured for critical infrastructure customers in recent months.”
