Synerlytic

The Fund invested in Synerlytic through a delisting and subsequent separation of the Testing, Inspection and Certification (TIC) businesses of Torre Industries to form what is now Synerlytic Group. The Group operates through the market leaders in two TIC segments being the WearCheck Group and The Particle Group:

1. Wearcheck is the leader in oil condition monitoring of industrial and mining equipment where it’s a critical component of preventative maintenance whilst 

2. The Particle Group is an international supplier with a strong niche focus in providing Certified Reference Material to mining laboratories across the world through the AMIS and CDN businesses

Since the Fund’s investment in 2019, both segments have executed bolt-on acquisitions to expand their geographic footprint and continue to seek these. This has expanded their respective global reach in exciting markets as the businesses internationalise their earnings:

• Wearcheck: Canada, Dubai, Ghana, India, Mozambique, Namibia, South Africa, UAE, Zambia and Zimbabwe

• The Particle Group: South Africa and Canada