Palatine has taken a majority stake in CET, a specialist provider of a range of outsourced services across the UK in both the insurance and construction sectors.
CET’s Property Assurance business provides specialist claim response, property risk investigation and issue mitigation services for the UK insurance claims sector. Their infrastructure division provides a comprehensive range of material testing and inspection services.
The investment from Palatine is expected to allow the Property Assurance business to develop new technology. The infrastructure business plans to provide additional testing facilities across the UK with support from Palatine on the buy-and-build strategy for both divisions, expanding their geographical map and service capabilities.
DunedIn held a 70% stake in CET after closing the deal in 2005.
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