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Interested in contacting us about this deal?
Jason GatenbyChief Executive
T: +44 20 7336 9947
E: jason.gatenby@ montagu.com
Detailed Information
In August 1995, HSBC Private Equity invested two amounts of £1.5
million development capital into two growing companies, Airtech and
Airteq, both involved in the hi-tech communication and multimedia
industries. The link between the two companies is Chairman Nick
Randall who has an outstanding record of developing hi tech
business.
Airtech is involved in wireless communications established through developments and manufacturing activities carried out for the Royal Navy over many years. These enabled Airtech to develop further commercial business based around the rapidly growing worldwide radio communications market. The company produces a range of 200 products focused on enhancing the quality of communications in the private mobile radio market, from radio frequency combiners, receiver systems and components, to communication sub-systems.
More recently, Airtech has identified opportunities in the emerging high frequency cellular PCN (Personal Communication Network) networks. Airtech has designed a range of coverage enhancement products for this sector, and has already secured several significant contracts to supply equipment for PCN based stations – including a base station network in the UK and a base station in Singapore.
Airteq was formed as a start-up operation in 1988 to exploit technology developed in the Airtech business. Airteq’s core skill was the development of bespoke training solutions for a number of large organisations. Initially, it provided mainly video based training solutions, but progressively developed more experience with interactive projects, starting first with the interactive laser disc and later moving into CD-ROM based multimedia computer training.
Demand for multimedia applications has been boosted dramatically by recent developments in technology and standards. Within the training field, the advantage of computer based training over ‘talk and chalk’ methods are now widely established. The next stage is multimedia computer based training which is set to advance rapidly. Airteq has already designed and supplied such training solutions to a large number of organisations in the pharmaceutical, automotive and public sectors. This experience has enabled Airteq to develop a range of ‘dynamic solutions’ where existing skeleton systems can be tailored to a client’s needs.
This deal demonstrates the HSBC Private Equity is always willing to invest in early stage businesses particularly where the management team has a proven track record of achievement.
Airtech is involved in wireless communications established through developments and manufacturing activities carried out for the Royal Navy over many years. These enabled Airtech to develop further commercial business based around the rapidly growing worldwide radio communications market. The company produces a range of 200 products focused on enhancing the quality of communications in the private mobile radio market, from radio frequency combiners, receiver systems and components, to communication sub-systems.
More recently, Airtech has identified opportunities in the emerging high frequency cellular PCN (Personal Communication Network) networks. Airtech has designed a range of coverage enhancement products for this sector, and has already secured several significant contracts to supply equipment for PCN based stations – including a base station network in the UK and a base station in Singapore.
Airteq was formed as a start-up operation in 1988 to exploit technology developed in the Airtech business. Airteq’s core skill was the development of bespoke training solutions for a number of large organisations. Initially, it provided mainly video based training solutions, but progressively developed more experience with interactive projects, starting first with the interactive laser disc and later moving into CD-ROM based multimedia computer training.
Demand for multimedia applications has been boosted dramatically by recent developments in technology and standards. Within the training field, the advantage of computer based training over ‘talk and chalk’ methods are now widely established. The next stage is multimedia computer based training which is set to advance rapidly. Airteq has already designed and supplied such training solutions to a large number of organisations in the pharmaceutical, automotive and public sectors. This experience has enabled Airteq to develop a range of ‘dynamic solutions’ where existing skeleton systems can be tailored to a client’s needs.
This deal demonstrates the HSBC Private Equity is always willing to invest in early stage businesses particularly where the management team has a proven track record of achievement.