The Plant-i brand will remain in place, while also giving Kinesis important additional technical capabilities and an entry into the plant and construction sectors.
Plant-i’s specialist expertise in connected camera technology is of particular strategic interest to Radius.
Bill Holmes, CEO of Radius Payment Solutions, says: “The acquisition of Plant-i is very important for us as it opens up some interesting new markets and boosts our technical resources and product offering.
“In particular, Plant-i has taken a lead in developing solutions for plant and construction sectors and their experience in areas such as safety and security fits perfectly within the group. We see big opportunities in the global market place.”
Sam Browne, founder and CEO of Plant-I, adds: “Having grown Plant-i organically for over 15 years, I feel the next step for the company and its customers is to seek outside investment to accelerate growth, our product range, new technologies and market places. After months of discussions, we feel Radius offers everything we believe in and they are the perfect company to take Plant-i forward.”
Picture caption: (L-R) Jason McAuley, MD at Plant-I; Sam Browne, founder & CEO of Plant-I; Bill Holmes, CEO of Radius Payment Solutions; and Greville Coe, group MD at Radius Payment Solutions.