Test equipment lessor
Microlease has acquired the entire share capital of Hampshire-based
Hamilton Hall Consultants, an asset management software
firm.
The acquisition aims to
improve Microlease’s asset management revenues, as well as
strengthen the software and systems available to the customers of
both Microlease and Hamilton Hall.
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According to Microlease, the
acquisition will further expand its reach in the aerospace and
defence markets – two key areas of interest.
The acquisition of Hamilton
Hall by Microlease, which is backed by Lloyds Development Capital
(LDC), the private equity arm of Lloyds TSB, is part of the firm’s
expansion drive.
In February 2011, Leasing
Life reported that Microlease had set its sights on the Middle
East, Africa, Latin America and Asia, where the use of mobile
devices is growing at a rapid pace. The company also appointed
three new staff in recent months.
Commenting on the Hamilton
Hall deal, Microlease CEO Nigel Brown said: “There is a growing
need for asset management in each of our specific
markets.
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By GlobalData“We see the asset management
arm of the business growing very strongly over the next three to
five years.
“The acquisition of Hamilton
Hall will give us the right product platform to be able to deliver
world-class services to major corporates.”
Hamilton Hall has been established for more than 25 years
and works with firms in the commercial, defence and aerospace, fire
security and rail markets. Its clients include BAE Systems, 2e2,
Babcock and Quantel.
