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New Deal


Announced

Completed

Glide completed the acquisition of Velocity1 from Quintain.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

Domestic

United Kingdom

Private

Completed

Single Bidder

Telecommunications Equipment

Friendly

smart city infrastructure

Synopsis

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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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