Sala International, a Shoeburyness, UK-based provider of physical record and digital information storage facilities and services, has received a £4.2m financing from Lloyds Banking Group and LDC.
The transaction will fund the acquisitions of close to Birmingham-based Arrow Imaging and Microstat, which are designed to strengthen Sala’s new integrated service offering and increase its national presence in the market.
Arrow Imaging provides document management and scanning solutions and has partnerships with major vendors such as Kodak and Fujitsu. Microstat is a document management industry specialist with over 25 years experience and clients including DHL, Harrods and John Lewis.
In January 2011, LDC invested £11.5m in the company for a majority stake, backing the managment team led by new CEO Tomas Gronager.
Founded in 1994, Sala manages in excess of 400,000 square feet of space operating in a wide range of sectors, including Financial Services, Public Sector, Healthcare Support Services and Retail.