iomart has confirmed that it is in exclusive talks to acquire the digital company, Atech, following recent press speculation.
Glasgow-based iomart has officially stated that it is in exclusive discussions with Kookaburra Topco, the holding company of Atech Support Limited. This statement comes in response to recent media speculations about the cloud computing firm’s potential move to acquire the Microsoft Solutions Partner.
Atech is known for delivering multi-platform solutions, public cloud digital transformation services, and specialised managed security services tailored for mid-sized enterprises. This potential acquisition would be financed through iomart’s existing cash resources and banking facilities, categorising it as a Substantial Transaction under the AIM Rules for Companies.
While there is no certainty that the acquisition will proceed, the directors of iomart have expressed their belief that acquiring Atech would significantly accelerate iomart’s growth strategy. They see this move as a pathway to position the enlarged group as a leading provider of secure public, private, and hybrid cloud services to mid-sized enterprises within the United Kingdom.
iomart has also indicated that further announcements regarding this potential acquisition will be made as and when appropriate.
Should the acquisition go through, it will likely mark a significant strategic advancement for iomart, further solidifying its market position.