INSTALEC, one of Scotland’s largest IT providers, has announced an MBO by one of its directors, Graeme Taylor for an undisclosed seven-figure sum.
To support the new structure Steve Higgins joins the company as group chair.
The organisation will now be known as Instalec Technology Group Ltd, encompassing five specialist divisions – cabling, networks, systems, software and business consulting.
Graeme Taylor joined Instalec in 2003, becoming a director in 2004 and has a proven track record of implementing new technologies and corporate strategy.
Commenting on his acquisition, Graeme said: “This is an exciting time for the Instalec group.
“Going forward, I am committed to building on our brand and reputation.
“Our focus now is on expanding the business and growing our global client base.”
“We have a heavy presence in the oil and gas sector and have recently established a number of international contracts.
“This presents us with a robust platform for our future development.
“Our unique business consulting function has put us at the forefront of our industry and gives us a deep understanding of our clients business needs.”
“The organisation is in a strong place and we expect our turnover to treble to £15 million in the next five years, while doubling our staff numbers.”
Steve Higgins has a successful background in managing high growth businesses in the UK and internationally, having held senior positions with industry blue chips like ICL and Philips.
Talking about his appointment, Steve said: “I am incredibly excited about joining Instalec Technology Group.
“Instalec has a 28-year history in the North East and employs some of the best people in the industry.
“This has presented me with the perfect opportunity to use my experience in IT and telecom to help take Instalec to the next stage in its corporate development. It is great being part of a team which is committed to best practice, managed client service.
“I am very much looking forward to working with Instalec as it moves into this new stage of its evolution.”
ENDS
Notes to editors:
Instalec is headquartered in Aberdeen with offices in Glasgow and a presence in London, Houston and the Middle East. The company employ 35 staff throughout the UK.
Instalec’s five divisions are cabling, networks, systems and software along with their unique business consulting service.
Instalec work across all business sectors specialising in solutions for the oil and gas sector.
Instalec are have a number of accreditations and partnerships, including:
- Cisco – Premier Certified Partner
- Microsoft – Gold Certified Partner
- Systimax – Accredited Business Partner
- Thus – Accredited Business Partner
- HP – Preferred Partner
- Citrix – Silver Certified Partner
Instalec was formed in 1983 by Bruce Mason. Bruce sold his 100 per cent share of Instalec to an MBO in 2006.
Graeme Taylor Info
Graeme started out as a Network Engineer with Instalec in 1989 and remained there until 1996 when he left to start up systems integration and software provider, Upstream Systems Ltd.
He had senior roles with two other major IT providers before heading back to Instalec in 2003.
Graeme developed the business through an MBO in Dec 2006 to £7million turnover effectively doubling the size of the company.
Graeme is an energetic entrepreneur with specific interest in emerging technologies within the IT and telecommunications industries and is passionate about engaging with customers to deliver rapid business change through innovative IT.
Steve Higgins Info
Steve Higgins is an entrepreneur with a passion for building international businesses that deliver enduring shareholder value.
He is an energetic, internationally recognised Middle East expert, with an entrepreneurial style and demonstrably successful track record.
Steve has operated globally for most of his career and has an extensive international network of high level contacts.
He is an Electrical and Electronic Engineer with over 20 years of experience in the IT/communications industry.
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