Private equity firm CBPE Capital has invested in ETL Systems, which makes satellite equipment.
ETL designs and manufactures distribution equipment used in the ground segment of the satellite communications market and supplies customers in the broadcasting, energy, defence, government and maritime markets.
The investment by CBPE will be used to help the business expand in a market which is seeing a rapid increase in the volume of data being transmitted by corporates, defence and intelligence agencies and broadcasters, as well as a growing need for global connectivity.
Ian Hilditch, CEO of ETL Systems, said: “We are delighted to welcome the team from CBPE Capital, who will add a new level of support and experience to help us grow our global customer footprint and accelerate bringing new technologies to market.”
Jolyon Latimer, Partner at CBPE, added: “ETL is an excellent company with a reputation for product quality and innovation, a blue-chip international customer base and is led by a strong management team. The business operates in the attractive and growing satellite communications market and is well placed to capitalise on the opportunity ahead of it.”
