Expectations high for top tech float

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Sales to healthcare markets are increasing for Servelec.

The news comes a month after the Sheffield City Region group became the the UK’s biggest technology flotation in three years.

Eckington-based Servelec’s expertise spans everything from automation and control technologies to electronic patient records and administration software.

Delivering its first trading update as a company quoted on the London Stock Exchange, Servelec said results for 2013 will be in line with expectations.

Recent successes include being chosen by the first of 30 community and mental health trusts in London and the South that need suppliers to provide electronic patient record systems from 2015.

West London Mental Health Trust chose Servelec’s RiO system for its 25 locations.

Servelec says its automation division is moving from the design to the pricing stage with a number of customers for its products and services.

Meanwhile, the integration of the Semaphore business it acquired in October is progressing well.

Semaphore has operations in the US, Australia and Belgium.

The company develops sells and services advanced telemetry systems worldwide.

Its systems are used for remote automation, flow measurement, monitoring, supervisory control and data acquisition.

Servelec’s chief executive, Alan Stubbs, said: “Following our successful listing, we are pleased that our strong performance has continued to deliver a full-year performance in line with the board’s expectations.

“The outlook for structural and regulatory growth drivers across our markets remains encouraging.”