A takeover deal involving a Machynlleth based firm could create up to 15 jobs in the area, the firm says.

Plant-i, who provide tracking and telemetry systems to the plant and construction sectors, has been acquired by Crewe-based Radius Payment Solutions, the group behind the telematics and fuel card brands Kinesis and UK Fuels.

Sam Browne, the company's founder and Chief Executive Officer, say the deal will enable Plant-i to expand its business and increase its current 27-strong workforce over the next 12 months, with up to 15 employees required in account management, sales and customer support departments at its Dyfi Eco Park headquarters.

“I am absolutely delighted to be able to confirm this agreement, having grown Plant-i organically over the past 15 years,” he said.

“I feel the next step for the company and its customers is to seek outside investment to accelerate growth, our product range, new technologies and market places. After months of discussions, we feel Radius offers everything we believe in and they are the perfect company to take Plant-i forward.

“It also shows great confidence in our innovative workforce who have been integral to supporting our growth and we look forward to the next chapter with the backing of a global company.”

The company say the Plant-i brand will remain in place, but the acquisition gives Radius Payment Solutions important additional technical capabilities and an entry route into the plant and construction sectors.

Radius also say the "specialist expertise" in connected camera technology was of particular strategic interest to them and will enhance their market offering.

“The acquisition of Plant-i is very important for us as it opens up some exciting new markets and boosts our technical resources and product offering," said Greville Coe, Group Managing Director – Telematics, at Radius Payment Solutions.

“In particular, Plant-i has taken a lead in developing solutions for plant and construction sectors and their experience in areas such as safety and security fits perfectly within the group. We see big opportunities in the global market place.”