A pioneering South Yorkshire security technology specialist has been snapped up by the leading US-based emergency communications corporation.
Dinnington-based Connexion2’s innovative technology protects thousands of people working on their own.
The firm has been acquired by Texas-based Kings III of America in a multi-million pound deal designed to boost the US firm’s business on both sides of the Atlantic and in new areas of the world.
Connexion2’s Identicom device is the most widely used in the UK for protecting staff working on their own.
The Identicom looks like a normal name badge, but incorporates mobile communications technology that allows staff working alone to raise an alarm if they are threatened.
The badge can transmit a signal that tells security staff where the worker is and allows them to record what is happening with such clarity that it can be used in the courts in evidence.
Connexion2 employs 30 people and was launched in 2003, with backing from investors including South Yorkshire Investment Fund, through fund manager YFM Equity Partners which has supported the business throughout its development.
Connexion2’s managing director, Craig Swallow, said: “We’re delighted to announce Kings III’s acquisition of Connexion2 as we believe this will enable us to provide our market-leading lone worker solutions and customer support to a greater number of businesses.
“For a while now, Connexion2 has sought a strategic partnership that truly allows it to develop fully into other target geographic markets.”
Connexion2 will retain its existing trading name and its SoloProtect brand throughout the United Kingdom.
The company was advised by the corporate team at the Sheffield office of law firm Nabarro, led by corporate partner Gareth Saynor and Elliot Jackson, and by Sentio Corporate Finance, from Leeds.
Kings III says its acquisition will help it further develop key European and Asian markets as well as North American markets.