Businessman acquires Arnlea Systems from First Tech

Inverurie-based asset management efficiency company Arnlea Systems has been acquired by Aberdeen businessman Mark Cavanagh from First Tech, for an undisclosed amount.

Arnlea solutions helps oil and gas operators and service providers to manage their owned and rental assets in a smarter and more efficient way by providing greater visibility of the condition and location of equipment and materials, while demonstrating safety compliance, equipment integrity and workforce competency.

With a turnover of £1.5m and a total of 11 employees operating globally, Arnlea is forecasting 30 per cent growth in the next 12 months.

The management team, headed up by managing director Kevin Boyd, as well as all the employees remain with the business under its new ownership.