New Owners of Ideal Networks to Accelerate Innovation and Growth
Jan 9, 2019
CBPE Capital has acquired a majority ownership position in Ideal Networks, a market leading provider of portable handsets for data cable and network testing, validation and certification. CBPE is acquiring the business from its former parent, Ideal Industries Inc., and will be investing alongside the incumbent management team led by Paul Walsh, CEO.
“We are delighted to be working with CBPE and look forward to establishing IDEAL Networks as a successful, independent market leader,” says Walsh. “Ideal Industries has been a supportive owner and has enabled us to reach this stage of our development. With CBPE, we are confident that we have found a partner that will provide valuable input as we pursue our exciting growth plans.”
Ideal Networks provides easy to use hand-held testers that improve the productivity of those installing, testing and maintaining network cabling and services. The global business has sales across Europe, the Middle East, Africa, North America, Latin America and Asia.
“Business will continue as normal across the world with no interruption of supply through our distribution partners,” says Walsh. “Customers will continue to receive the outstanding service they have come to expect, and product names will remain unchanged. What will change is our ability to respond even faster to market needs through innovation and we will see the company brand evolve over the coming years, but not straight away.”
Ideal Networks is the first to offer a “Pay As You Test” option for its cable certifier as part of its award winning Test4Less program. Following in-depth customer research, the company has several innovative new product launches planned for 2019
The management team involved in the acquisition include Chief Executive Officer Paul Walsh, Chief Finance Officer Scott Paterson, Development Director Peter Kent, Operations Director Russell Stratton and Marketing Director Tim Widdershoven. .
According to Mathew Hutchinson, Partner at CBPE Capital LLP, “Ideal Networks has successfully established a reputation for quality and service in an attractive and growing market, and we are confident that the business will thrive under independent ownership. We will work with the management team and support their commitment to continue to offer innovative products and services which match the needs of the customer base.”
For more information, visit www.idealnetworks.net.