ABERDEEN-based business support organisation Elevator has acquired Targeting Innovation in a six-figure sum deal.
The move for the Glasgow-based firm will bring Elevator’s headcount to more than 100.
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Targeting Innovation was founded in 1993 by Scottish Enterprise and four Scottish Universities to support the commercialisation of new technology products and services.
Elevator said the acquisition will allow it to “further implement its strategic plan to stimulate the development of an entrepreneurial led economy across Scotland through its delivery of business support services”.
Targeting Innovation will retain its brand name.
Gary McEwan, Elevator chief executive officer, said: “This acquisition is exciting for both parties, it is a huge opportunity to create building blocks to drive innovation forward across Scotland.
“The team brings a wealth of expertise in innovation and digital development, and during a time when many businesses are going through a period of transformation and change, our synergies will help individuals find the support they need to thrive. The path ahead of us in 2021 is a positive one.”
