![]() In the year ending 31 December 2020 Tutela’s sales were approximately $2m (£1.46m) with profit before tax of $0.27m (£0.20m) and net assets (including cash) amounting to $0.16m (£0.12m). The Group intends to utilise Tutela as a platform to pursue all industries and verticals targeted by Checkit. Tutela which is based in Florida, provides wireless temperature monitoring systems for all applications and facilities which store sensitive inventory for businesses within the healthcare sector. It was sold to the US management team of Tutela in August 2018. Tutela was previously owned by Next Control Systems Limited (now Checkit UK Limited, a subsidiary of the Group), before Next Control Systems Limited was acquired by the Group in May 2019. LONDON: Checkit plc announced the acquisition of the entire issued share capital of its US based sole distributor Tutela Monitoring Systems LLC including cash of approximately $0.25m in Tutela as at the date of completion for a total upfront cash consideration of $0.85 million. ![]() The acquisition has been funded from the Group’s existing cash resources. ![]()
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