NVM Private Equity supports MBO with £5m
NVM Private Equity (NVM) has supported the management buy-out of Arnlea Systems and NexusAB with £5m of funding. As part of the investment package NVM has provided the capital to fund product development and international expansion.
Aberdeenshire based Arnlea Systems provides mobile technology solutions for clients working within the oil and gas sector to assist with asset management, in particular equipment and materials tracking and inspection. Its partner company, NexusAB, provides integrated quality assurance and technical inspection technology and services. Both businesses will become part of the Arnlea Holdings group.
Arnlea is said to be experiencing an increase in demand globally for its product suite, driven by a growth in asset security, health & safety, environmental concerns; and a tightening of compliance and regulation post the Macondo oil spill. BP is among Arnlea’s blue-chip customer base.