Partner Article

Sheffield’s Servelec seeks to reap rewards of a year of integration

Sheffield-based technology group Servelec is optimistic about its prospects for the year end after a year of integration.

The firm is predicted to perform in-line with market expectations for the full year in terms of revenue, profit and cash generation.

The business is comprised of Servelec Healthcare, who have now been awarded preferred bidder status on a total of seventeen Trusts, and an Automation business.

Tynemarch and Semaphore, two businesses which are part of the group, have been integrated and Servelec has reported improved performance from Semaphore during the period, contributing to an overall improvement in net margin.

Alan Stubbs, CEO of Servelec Group, said: “A solid performance in the third quarter places us well to reach full year 2014 targets and demonstrates the consistency of our business, based on quality product offerings and the strong positions we have in each of our chosen markets.

“The wins we continue to achieve and the integration work we have undertaken in 2014 create a strong foundation for growth in future years.

“This will enable us to capitalise on opportunities in front of both of our divisions’ pushing into new areas such as the Acute health market, and developing opportunities through our global distribution network in Automation.”

This was posted in Bdaily's Members' News section by Clare Burnett .