CSL, the provider of critical connectivity solutions for machine-to-machine communications, has been acquired by Norland Capital, Iconiq Capital and RIT Capital Partners.
With over 400,000 managed connections, CSL is the market leader, providing managed connectivity within the fire and security as well as the telehealth sectors.
Since Bowmark’s investment in 2011, CSL has invested significantly in its core fire and security customer base, providing high levels of service and product innovation. As a result, CSL’s DualCom signalling range has become the market-leading solution for over 2,000 professional security installers and the security solution of choice for thousands of commercial businesses and High Street brands.
CSL’s founder, Simon Banks, explained: “We’re keen to continue investing in product innovation and support for our fire and security customer base in the UK, Ireland, the Nordics and the Netherlands. The new partnership enables CSL to expand into other close verticals and take managed connectivity to a world stage.”
Also commenting on the news, Ed Heale (CSL’s managing director) said: “With the support of our new financial partners, we can continue to improve the service we provide in our existing markets, as well as accelerate our plans in other sectors both organically and through acquisition.”