The acquisition of Next Control Systems (Next) by Elektron Technology plc, announced on 15 May 2019, marks another milestone for customers who are seeking smart solutions that manage key aspects of operational and business performance.
Next Control Systems to combine with Checkit
What does each company do?
Checkit, based in Cambridge, UK provides cloud-based services that transform the performance of common low and medium volume operational processes in global industries, moving them from form based systems, spreadsheets and even pen and paper to the Cloud, through a subscription based software-as-a-service (SaaS) model. Its capabilities include:
- Work Management – workflow and checklist building and management for frontline, mobile workers
- Automated Monitoring – wireless sensors to automate human checks using IoT technologies
- Operational Insights – out of the box dashboards that provide management information on performance and trends across organisations
- Value-added consulting and business services (including compliance management).
Next, based in Fleet, Hampshire, UK has been helping management teams to improve productivity and profitability for over 25 years.
Through its Tutela brand, Next is a leader in high-end service based temperature monitoring for healthcare and life sciences within the UK. In addition through its Next and Axon brands, it provides data-related Building Energy Management System (BEMS) services. Next has a major relationship with a leading UK retailer covering smart building and plant technologies.
Combining product strengths, extending markets, creating opportunities for new propositions
The combined organisation will have product strengths in work management, environmental monitoring, compliance and building and energy management. This will create opportunities to deliver new, compelling propositions to our target markets.
Keith Daley, Executive Chair of Elektron Technology noted how – with the addition of Next – Checkit is strengthening its position to deliver on its vision of Real-Time Operations Management: "This acquisition significantly enhances the Checkit value proposition in its capabilities, services and demonstration of scale. We look forward to realising the many opportunities offered by the combination of Checkit and Next."
How the combination will work
The combined organisation will continue to operate at its existing locations, thereby maintaining high levels of customer service and using mutual strengths to support customers at scale. All contacts and communication channels will remain in place. Customers or partners should route enquiries through their account managers for more information.
Elektron Technology financial statement
Financial statement about Elektron Technology Plc acquisition of Next Control Systems Limited
Checkit’s smart technology helps businesses of any size to manage people, processes and compliance. Checkit ensures the right work, tasks, checks and processes get done in the right place, at the right time by the right person. The result is improved business performance through higher quality, improved productivity and reduced risk.