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 boost Microlease’s
asset management revenues, as well as strengthen the software and
systems available to the customers of both Microlease and Hamilton
Hall.

According to Microlease, the acquisition will
further expand its reach in the aerospace and defence markets.

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 rapidly. 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 our specific markets and we see the asset management
arm of the business growing very strongly over the next three to
five years.

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By GlobalData

“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.

claire.hack@vrlfinancialnews.com