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FFL Partners affiliate acquires Servelec Technologies

Laurel Solutions, an affiliate of private equity firm FFL Partners LLC, completed the purchase of Sheffield, U.K.-based Servelec Technologies Ltd. for an undisclosed amount.

The acquisition is in line with Laurel Solutions' plans to enhance its portfolio of commercial and industrial hardware, software and connectivity offerings, according to a March 14 statement.

Servelec Technologies, which will remain a stand-alone company post deal completion, provides remote monitoring and control services, supervisory control and data acquisition systems, as well as business optimization software to companies across various sectors.