The deal was supported by Evolve Corporate Finance.
Nortech Management Holdings provides services to UK water and electricity distribution sectors.
The company develops proprietary products which specialise in fault detection, communication, and automation. They also have a software platform, iHost, for data aggregation and analysis.
Nortech’s Expertise in Monitoring and Automation
Julian Brown, managing director of Nortech, said: "We are delighted that Nortech is now part of the Vestum group
"Their 'acquire and hold strategy', combined with a focus on growing businesses within the infrastructure sector, was what attracted us most to their offer.”
Vestum’s Vision: Building a Stronger Infrastructure Platform
Simon Göthberg, chief executive of Vestum, said: "We are pleased to announce the acquisition of Nortech, which creates a new platform within Vestum's flow technology segment.
"Nortech is a market leader with high market share in monitoring and control technology in the structurally growing energy and water distribution sector in the UK and has, with over 30 years in the industry, extensive experience in providing innovative products to its customers."
