Renovotec

Business Services

  • Deal Value Range: £20m – £50m
  • Acquirer: Röko
  • Buyer Location: Sweden

Renovotec

Convex Capital has acted as exclusive advisor to the Shareholders on the majority sale of Renovotec Ltd, the UK’s leading provider of rugged mobile hardware, software and enterprise mobility solutions, to Röko AB, a Swedish-based investment group.

Renovotec was founded in 2009 by Lance Bennett & Richard Gilliard and supports customers across multiple industry verticals including Warehousing, Transport & Logistics, Healthcare, Retail, Manufacturing, Commerce, Utilities and Government. Renovotec operates out of four offices, including headquarters in Wakefield, has 75 employees and has won industry plaudits for its innovation and service.

The Convex deal team was led by Mike Driver, Isaac Asamoah, Indy Singh, James Edge and Warren Meggitt.

“Convex’s approach was instrumental in their selection, and once selected they proved to be outstanding in their knowledge and approach to maximising the deal value – I cannot recommend them highly enough. If you only talk to one company then make sure it is Convex.”

Lance Bennett, CEO