M&A Deal Summary

Indicor Acquires Ovarro

On September 5, 2024, Indicor acquired information technology company Ovarro from Laurel Solutions

Acquisition Highlights
  • This is Indicor’s 1st transaction in the Information Technology sector.
  • This is Indicor’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-09-05
Target Ovarro
Sector Information Technology
Buyer(s) Indicor
Sellers(s) Laurel Solutions
Deal Type Divestiture

Target

Ovarro

Sheffield, United Kingdom
Ovarro is a provider of remote monitoring systems, secure SCADA systems, and business optimization software providing complete end-to-end automation and optimization solutions to clients around the world. Ovarro was founded in 1977 and is based in Sheffield, United Kingdom.

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Buyer(S) 1

Buyer

Indicor

Charlotte, North Carolina, United States

Category Company
Founded 2022
Sector Business Services
DESCRIPTION

Indicor is a diversified industrial solutions company providing specialized, mission-critical products for industrial manufacturers. Indicor was founded in 2022 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 4
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 2
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Agr

Butler, Pennsylvania, United States

AGR is an innovative supplier of quality assurance and process automation equipment to the global packaging markets. Agr was founded in 1927 and is based in Butler, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Aquam Water Services

Peterborough, United Kingdom

Aquam Water Services provides technologies and services enabling UK utilities to acquire and analyze critical network data for proactively managing their networks and meeting increasingly stringent regulatory requirements. Aquam Water Services is based in Peterborough, United Kingdom.

Buy -

Seller(S) 1

SELLER

Laurel Solutions

San Francisco, California, United States

Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

Laurel Solutions provides commercial and industrial hardware, software, and connectivity solutions that improve productivity, safety, and environmental performance. Laurel Solutions was founded in 2017 and is based in San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Ovarro

Sheffield, United Kingdom

Ovarro is a provider of remote monitoring systems, secure SCADA systems, and business optimization software providing complete end-to-end automation and optimization solutions to clients around the world. Ovarro was founded in 1977 and is based in Sheffield, United Kingdom.

Buy -