Mooreland Partners advises Irisys in its sale to one of the largest US Industrial Technology Conglomerates
London, UK – June 26, 2012 – Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to the shareholders of Irisys (Infrared Integrated Systems Limited; www.irisys.co.uk) in its sale to one of the largest US Industrial Technology Conglomerates (name undisclosed).
Founded in 1996 and based in Northampton in the UK, Irisys is a global leader in thermal imaging, people counting technologies and real time people management solutions for smart buildings. Irisys infrared arrays are used by many of the world’s leading retailers, banks, transport hubs and leisure facilities to improve customer service, operational efficiency and profitability. The Company reported revenue of $42 million in 2011, a 43% increase over 2010.
The sale of Irisys is the 11th transaction advised by Mooreland Partners since the start of 2012 and confirms Mooreland’s leadership in industrial technology M&A.
For more information on the transaction, please contact Victor Garcia or Paul Milek.
Victor Garcia, Managing Director
Direct Line: +44 207 484 1351
Mobile: +44 773 686 8885
Paul Milek, Managing Director
Direct Line: +1 650 330 3795
Mobile: +1 650 804 5010