Arma Partners advises CSL, a leader in M2M/IoT connectivity solutions, on its sale to ECI Partners
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to CSL on its sale to ECI Partners.
CSL is a market leading provider of M2M and IoT connectivity solutions in the Fire, Security and Telehealth sectors. The business services over 1 million M2M/IoT devices and monitors 4 billion events each month across the UK, the Nordics, Benelux, Spain and Ireland.
CSL has grown both organically and through acquisitions since it was backed by Norland Capital, ICONIQ Capital and RIT Capital Partners in 2016. ECI is partnering with CSL’s management to support the business’s growth ambitions, expand its international markets and enhance its product solutions.
This transaction further enhances Arma Partners’ reputation for delivering exceptional results for leading IoT and M2M companies and continues our strong track record of achieving successful outcomes for our clients during the Covid-19 pandemic.