May River Capital / RLE Technologies Acquire NDSL (Cellwatch) and Form Platform Parameter
December 12, 2024
May River Capital and its portfolio company RLE Technologies have acquired NDSL Group Ltd., manufacturer of the Cellwatch battery-monitoring product line, and merged the businesses to form a new platform called Parameter. The combined company brings together battery monitoring and facility-environment monitoring capabilities to serve data centers, utilities, telecom and other critical-infrastructure end markets.
- Buyers
- May River Capital, RLE Technologies
- Targets
- NDSL Group Ltd.
- Platforms
- RLE Technologies, Parameter
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Transaction Type
- Addon
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