Private equity firm YFM sells shareholding in defence technology company

Denise Lawrenson, CEO of KeTech Group said: “YFM has been instrumental in the success stories of both KeTech Defence and KeTech Systems. The YFM team has helped to secure an exciting future for KeTech Defence, which will go on to prosper under Wescom Group ownership.

“We now look forward to pursuing further growth plans for KeTech both in the U.K. and overseas with YFM’s backing and support. We are excited that we now have the opportunity to concentrate on building the Rail business and expanding our portfolio further, working with operators and train builders alike to deliver exciting innovative and reliable systems across the globe. “

YFM will retaining its shareholding in KeTech Systems, a specialist provider of real-time intelligent software systems for the rail industry, offering both operational and customer facing systems aimed at cutting carbon emissions and delivering punctuality to the industry.

Since investing in KeTech, YFM has helped the business to extend its product portfolio, build its team of data experts, software developers and digital railway specialists, and expand its international reach.

Gavin Chadwick , YFM Portfolio Director added, “We are confident that KeTech Defence will flourish under its new ownership and are proud of the role we have played in nurturing the business and securing a strong return for our investors. Our focus now will be on supporting KeTech and helping that exceptional company to continue blazing a trail in the rail sector.”