BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Tech firm set for further takeovers after first PE-backed acquisition

Tech firm set for further takeovers after first PE-backed acquisition

Thu, 31 Mar 2022 | BUSINESS SALE

Tech firm set for further takeovers after first PE-backed acquisition

Solihull-headquartered technology services firm Correla has completed the acquisition of cloud-based energy data management company CloudKB, its first acquisition since it received backing from private equity firm NorthEdge.

NorthEdge first invested in Correla in March 2021, with Correla’s takeover of CloudKB coinciding with the one year anniversary of their collaboration. Following the takeover, Correla is expected to target further strategic acquisitions, alongside organic growth, with the aim of diversifying its energy services offering.

Correla claims that it is the only technology services provider offering end-to-end visibility of the UK gas network, via its real-time analytics dashboard. Customers can use this visual, interactive dashboard to monitor carbon reduction efforts and improve their energy efficiency.

According to Correla, the acquisition of CloudKB and its uMesh platform - a cloud-based data management platform designed for the energy industry – will deliver improved software automation, speed and simplicity to its customers as they seek to decarbonise their heating and transport.

Describing the acquisition as the “first step in our long-term business strategy,” Corella CEO Sian Jones commented: “With the uMesh technology we’ll be able to add huge value to new and existing clients and ensure we continue to offer tools and solutions which are at the forefront of changing the energy industry for the better.”

NorthEdge Partner and Head of New Business Jon Pickering added: "This acquisition is an important milestone for the business as it begins to diversify into alternative energy markets. We look forward to seeing the business continue to grow over the coming years, both organically and through further strategic acquisitions, and are proud to be supporting the UK energy sector move towards a Net Zero future alongside Correla."



Read more about attracting private equity-backing for an acquisition strategy.

Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Provider of Innovative Educational Software
UK Wide

The company has created an innovative and intuitive online learning platform, featuring a diverse range of subjects, such as academic physical education, which is mainly purchased by UK-based secondary schools and overseas British-curriculum schools....

Asking Price: Offers Invited
Turnover: £640,000

RELOCATABLE


A SaaS Provider Offering a Market-leading Mentoring Platform
UK Wide

The company is a SaaS developer offering a proprietary platform that is designed to enable the creation and scaling of internal mentoring, coaching and sponsorship programmes for employees, membership organisations and universities.

Asking Price: Offers Invited
Turnover: £700,000

RELOCATABLE


IT Telecoms Platform
North of England, UK

Based in the North of England but serving a national corporate client base and with the benefit of international software this has since inception built a loyal base of over 400 channel partners to sell its telecoms software solutions.

Asking Price: Offers Invited
Turnover: £9,930,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
Jan
 

Administrators to sell assets as office furniture maker collapses | ADMINISTRATION

Bluespot Furniture, a West Yorkshire-based furniture manufac...

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Oct
 

PE firm snaps up independent video game firm | BUSINESS SALE

Private equity firm NorthEdge Capital has successfully acqui...

 
17
 
Nov
 

Game developer Sumo Digital gets boosted by MBO | MBO/MBI

Sumo Digital, a game developer, has undergone an MBO as part...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.