Announced
Completed
Financials
Sources
Tags
Majority
Acquisition
Domestic
United Kingdom
Private
Completed
Single Bidder
Telecommunications Equipment
Friendly
smart city infrastructure
Synopsis
Glide, an infrastructure & utilities company, completed the acquisition of Velocity1, a a technology company delivering smart city infrastructure projects for residential, business and commercial development schemes, from Quintain, a property investment and development company. Financial terms were not disclosed. “Wembley Park is quickly becoming one of the most exciting districts in London. This acquisition will allow Glide to provide the multi-faceted campus with future-proofed, ultra-fast broadband connectivity for years to come, helping Wembley Park continue to thrive as it continues to grow and develop more asset–rich infrastructure to meet the ever-demanding requirements of its residents and commercial tenants,” Tim Pilcher, Glide CEO.
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