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Acquisitive Ideagen snaps up further Australian business
Nottingham-headquartered Ideagen, a regulatory and compliance software solutions firm, has acquired Plant Assessor, a solution for plant safety and maintenance management in Australia.
It is Ideagen’s seventh acquisition in 12 months and fourth Australian business to be brought into the Ideagen family since the start of 2023.
Ben Dorks, Ideagen CEO, said: “Plant Assessor’s software brings an enhanced level of safety to any person working on or around large plant machinery.
“Adding Plant Assessor into the Ideagen suite of solutions strengthens our EHS product portfolio, enabling us to provide advanced capabilities to our customers, particularly those involved in industries where heavy machinery is commonplace.
“We’re looking forward to helping grow its reach across our global network and excited to start 2024 as we mean to go on, building our global presence in compliance software solutions.”
Paul Dean, CEO and founder of Plant Assessor, said: “Joining Ideagen represents a fantastic opportunity for both our team and our clients.
“We are confident that this acquisition will allow us to deliver even better products and services to our existing customers while expanding the reach of our innovative solutions through Ideagen’s global network.”
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£4m Chesterfield rail innovation facility on track for planning permission
Engineering consultancy Rodgers Leask is leading the design team currently working on RIBA Stage 4 designs for the Derbyshire Rail Industry Innovation Vehicle (DRIIVe) in Chesterfield, which is awaiting planning permission.
The modern rail innovation and training centre will provide more than 1,400 square metres of floor space consisting of classroom and workshop training areas, and specialist research and development facilities – including a digital laboratory and commercial offices.
Appointed via the ESPO 2664 framework, Rodgers Leask’s involvement so far includes a full-service offering, comprising structural and civil engineering consultancy, geo-environmental engineering investigations and transport planning advice. The consultancy’s various experts are working to overcome the operational constraints posed by the busy industrial site, while also protecting the surrounding area’s interesting features – such as the historically significant Barrow Hill Roundhouse.
Kriston Harvey, director at Rodgers Leask, said: “This is a very important project for the area and therefore we’re proud to be involved. Not only will it bring additional full-time jobs to the local area, it will also provide training facilities to enable people to learn new skills and open the door to highly skilled career opportunities in the rail industry.
“The research and development aspect of the building will see it become a prominent location for rail technology research and innovation, with fantastic links to the rail network.
“As everyone recognises the significant benefits that the project can bring to the community, engagement between the client, design team and other key stakeholders has been very positive and productive.
“Chesterfield has a clear vision for how it wants to develop over the coming years, with a strong plan for growth – it has been exciting to work with the council on this key project.”
In total the building is expected to cost around £4 million, with funding for the project being provided through the Staveley Town Deal. Development of the centre is being delivered by Barrow Hill Engine Shed Society, Chesterfield Borough Council and New Rail – part of Newcastle University.
Mervyn Allcock, general manager at Barrow Hill Roundhouse, said: “If it is approved, DRIIVe will help establish Barrow Hill as the home of the rail industry in Chesterfield and we look forward to speaking to companies about the potential benefits of being based at the centre. Any revenue from the building will be used to support the Roundhouse in achieving its aim of preserving our local Rail heritage.”
Councillor Tricia Gilby, leader of Chesterfield Borough Council and vice chair of the Staveley Town Deal Board, said: “The Rail sector offers a fantastic range of high-quality careers and DRIIVe is all about ensuing our residents can receive the skills and training they need to access these opportunities. This is an ambitious project that will create opportunities for generations to come and reflects the council’s aims to expand the local Rail sector.
“I’m delighted that Town Deal funding is being used to support the development of this building because new training facilities like this will improve career prospects and help ensure that Staveley is the place to start, to stay and to grow.”
Rodgers Leask is working alongside architect Frank Shaw Associates, building services consultancy CPW and planning consultant Planning & Design Group. A planning decision is expected in early 2024.
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Revenue rises at Light Science Technologies while pre-tax losses are cut
Revenue is on the rise at Light Science Technologies Holdings (LSTH) plc, which comprises the three divisions of controlled environment agriculture, contract electronics manufacturing, and passive fire protection.
According to a trading update for the 12 months ended 30 November 2023, the group saw revenue increase by approximately 13% to £9.25m, up from £8.17m in the year prior. This was driven by growth across each of the trading divisions, as LSTH made solid organic and acquisitive progress.
Overhead cost reductions during the period resulted in 20% cost savings, while gross margins grew by approximately 27% to 22.5%. As a result, the Derbyshire business expects to report an unaudited loss before tax of £1.3m, reducing from a £2.72m loss last year.