Andrew Wallace, Chief Executive of COE Group, said: "We are delighted that IP Group sees the potential growth in COE. This transaction endorses COE's technology and prospects while financing expansion and potential acquisitions by COE Group. IP Group's 45 technology investments include several which will launch their products into the surveillance and counter-terrorism markets, and COE provides a route to market and a development partner for this expansion."
Alan Aubrey, Chief Executive of IP Group, said: "We are extremely excited by the growth prospects for COE and are particularly impressed with its international reputation for complex video surveillance systems in demanding environments. COE's management has made excellent progress and we are very much looking forward to working with them."

COE is a leading developer and exporter of advanced video surveillance (CCTV) systems with a global installed base of large safety-critical systems, many in extreme environments. COE focuses on three sectors - traffic & transport, city-centre surveillance and industrial complexes. Traffic and transport references include the London Congestion Charge, the underground rail systems in France, Singapore, Hong Kong & Delhi, high-speed rail systems in Spain, Germany and the UK, airports across Germany, Hong Kong and SE Asia, and road systems worldwide. City-centre systems include over 35 UK towns & cities, while industrial complexes include the South Pars gas field in the Middle East.
With a 16 year track record of innovation in video surveillance, COE has developed a portfolio of rugged products for camera control, video transmission, scene analysis, operator display and recording which interface with most major third party systems. These systems are designed to work reliably in extreme environments for many years. The company also provides services including system design, on-site test, commissioning and long-term maintenance. COE's installed base is worth around £50M.
COE supports its extensive analogue customer base with hybrid analogue/digital systems which allow users to obtain many of the benefits of digital technologies without the need to replace major investments. COE sells through regional & global systems integrators such as Siemens, Alcatel and Singapore Technologies, and through an extensive network of Value Added Resellers. COE has staff in the UK, France, India, Singapore and Malaysia.