Servelec: Connecting Communities Through Digital Care

Servelec has undergone a period of extensive restructuring and divestments in recent years. It has a new leadership team in place and a much clearer focus—connecting communities through digital care.

Sheffield-based Servelec was founded in 1977 with a focus on the design and manufacture of control systems for the local steel industry. It has been through many different guises over its 44-year history, including a significant amount of change since it was taken private in a £224m acquisition funded by Montagu Private Equity in 2018. The sale of its Technologies business in 2019 left Servelec wholly focussed on the public sector markets of health and local government, with the latter spanning social care, education, and youth services.

TechMarketView caught up with CEO Ian Crichton and CFO Simon Belfer about the changes in the business. In this research note we look at the history of Servelec, how it has restructured since it was taken private by Montagu Private Equity, its strategy and product mix, its financial performance in 2020, and its prospects for the future. 

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