Our investment partnership started with Amor Group and their impressive management team of John Innes, Scott Leiper and David Blyth in May 2009. They are a provider of software products, services and business technology solutions to three core sectors: Energy, Transport and Public sector. Their revenues are mainly obtained from support and maintenance of client systems and the sale of its own software products. 60% of revenues were from Oil & Gas operators and service companies.
The business had developed a niche position in attractive growing markets underpinned by regulatory trends in efficiency and safety. This included a diversified and resilient blue chip customer base.
In September 2013 we led on the exit process through a strategic sale to Lockheed Martin who saw the opportunity to extend and strengthen their existing capabilities in the UK.