Permaconn has acquired Romteck

We are excited to announce that our portfolio company, Permaconn has acquired Romteck Group, an Australian specialist in Fire Alarm Signalling Solutions.

Romteck is an Australian manufacturer specialising in high-reliability safety-critical telemetry (IoT) solutions. Romteck has offices in Sydney and Perth and serves customers across multiple industries with a diverse product range which enables automatic fire alarm monitoring and emergency lift communications.

Andrew Pears, CEO of Permaconn, said “We have a huge respect for the achievements of the team at Romteck in building a significant player in critical communication solutions. We believe the combination of Permaconn and Romteck is underpinned by a strong commercial rationale given the overlaps in our respective technology solutions and customer-centric cultures. We look forward to building on Romteck’s success with continued investment in signalling technology and value-added services.”

Congratulations to the Permaconn and Romteck team, and all those involved with the transaction.