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.
“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.