Kore Solutions in MBO
Duncan Booth, managing director of Edinburgh-based intelligent building, life safety and electrical solutions company Kore Solutions, has led a management buyout of the business.
Booth, who has been a shareholder since 2012, acquired holdings from directors Bruce Masson and Jim Duncan to secure control of the business at a time when Kore Solutions is expanding its engineering team and investing in external marketing and HR services.
Kore Solutions has announced several new client projects across all sectors of the business this year and reports a healthy order book from for 2020 from clients in the Oil & Gas, Facilities Management, Utilities, and Not-for-Profit sectors.
Discussing the MBO, Booth said:
“Buying Kore Solutions comes at an exciting time for the business as we look to build on our existing customer base, while continuing to develop into new and emerging technologies.
“Our success is as a direct consequence of the hard work, experience and client understanding that our excellent team possesses. The people here have created a strong and loyal customer base, which has all combined to make Kore Solutions the successful business it is today.
“Now it’s time to take the business forward, with its healthy order book and a focused, ambitious strategic plan for growth for 2020 and beyond.”