Investment firm buys 75% of Renovotec
07 May 2021
SWEDISH COMPANY Röko has acquired 75% of Renovotec, a provider of rugged hardware, software and enterprise mobility solutions for supply chain. Richard Gilliard will continue as MD and will also own 25% of the company.
He said: “The relationship with Röko will give us greater financial firepower, enabling Renovotec to grow more rapidly through acquisition and diversification.” Röko investment manager UK and Norway Anders Nordby will become Renovotec chairman. Renovotec co-founder Lance Bennett will remain on the board.
Röko targets growing and profitable companies for acquisition and has 270 million Euro in capital and ten companies in its investment portfolio.
Renovotec was founded in 2009 by Lance Bennett and Richard Gilliard, since when it has enjoyed continued growth and profitability. Renovotec operates out of four offices and has 75 employees.
For more information, visit www.renovotec.com