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Affini Announce Acquisition by the Petards Group plc

By June 17, 2024June 19th, 2024No Comments

Press Release

London, 14th June 2024

We are delighted to announce that the Affini business has been acquired by Petards Group plc, an AIM listed developer of advanced security and surveillance systems to the Rail, Traffic and Defence sectors.

Petards Group, which includes the respected brands; QRO Solutions, RTS Solutions and Petards Rail has acquired the entire issued share capital of the Affini business.

Affini will be joining the group as a wholly owned subsidiary and retaining the Affini brand. Petards has a clear and established strategy for growth, by exploiting group synergies through acquisition and organically. There is a strong cultural as well as strategic fit, and by joining the group, Affini will be able to tap into benefits that will enable us to deliver greater customer value.

But most important, our customers can rest assured of the continued support from the team they know and rely on.  We are not planning any changes, other than accelerating some of the plans we already have in action, such as developing our managed service infrastructure, including our Radius and Telematics SaaS platforms, and bringing our expertise in a broad range of radio and wireless technologies to a growing UK market.

Ian Carr, CEO of Affini Technology, highlighted the synergies between the two companies, saying, “Joining forces with Petards, a company that shares our commitment to innovative technology and exceptional customer service, is a strategic milestone for Affini. Together, we look forward to leveraging our combined strengths to capitalize on growth opportunities across Defence, Traffic, Rail, and beyond.”

Raschid Abdullah, Chairman of Petards, expressed enthusiasm about the acquisition, stating, “We are delighted to welcome Affini and its staff to the Petards Group. This strategic move marks an exciting new phase for Petards, significantly increasing our scale and revenues while expanding our operations into new sectors such as Energy, Aviation, and Buses.”

If you have any questions about the acquisition or would like to know more, please call your usual point of contact, or get in touch on 03300 417 054, we would be happy to hear from you.