Enterprise help group Elevator acquires tech consultancy
Tayside-based Business Support Group Elevator has acquired an innovation and technology consultancy.
Elevator runs accelerator programs in Perth, the Center of Entrepreneurship at the University of Dundee and the Michelin Scotland Innovation Parc. It also provides business gateway services in Tayside.
The acquisition of Targeting Innovation based in Glasgow is a six-figure deal.
Digital innovation
Executive Board Chairman Professor Gary McEwan said this would strengthen Elevator’s existing digital, technology and innovation capabilities.
“Targeting Innovation is an industry innovator,” he said.
Professor Gary McEwan, Managing Director of Elevator UK. Image by Abermedia / Michal Wachucik
“This acquisition is exciting for both sides. The team brings a wealth of expertise in innovation and digital development.
“At a time when many companies are in a phase of change and change, our synergies help individuals find the support they need to be successful.
“The road ahead of us in 2021 is positive.”
International growth plans
Targeting Innovation was founded in 1993 by Scottish Enterprise and four Scottish universities to help commercialize new technology products and services.
The consultancy works across the UK and delivers projects and programs internationally. It has built a reputation for helping SMEs and large corporations leverage digital technologies and add value to innovation.
© Supplied by Elevator Elevator Managing Director Professor Gary McEwan and Targeting Innovation Managing Director George Boag.
From improving process efficiency and developing new products to developing international growth strategies and robust commercialization plans.
Supported by a strong economy
George Boag, Managing Director of Targeting Innovation, said, “This is a milestone in our company’s history and we are excited to be joining the Elevator family.
“This is a strategic step for both organizations. Our combined strengths and know-how form a solid basis to offer our customers, employees and stakeholders additional added value.
“2021 will have its own challenges – Covid Recovery and Brexit. Hence, business support and the entrepreneurial landscape will be vital. Everything is supported by a strong economy. “
