A newly listed tech services group has successfully acquired a London-based digital agency, merely weeks after entering the AIM market and securing over £5 million.
The acquisition marks a significant step in the tech group’s strategy, showcasing early traction and future potential for growth.
Strategic Acquisition for Growth
The tech services group, established in 2016, aims to acquire specialist technology and innovation consulting businesses across Europe. This acquisition aligns perfectly with their strategy, bringing an earnings-enhancing, debt-free, profitable business into the group.
Integration and Rebranding Plans
The integration aims to leverage Deeson’s expertise and enhance the group’s existing capabilities.
Statements from Leadership
Gandhi’s vision involves creating geographic clusters of digital transformation companies across the UK and Europe, positioning the group as a formidable entity in the industry.
Combined Expertise and Market Position
The collaboration is expected to broaden the customer base and secure larger deals, enhancing the growth potential for both companies.
Comments from Deeson and TPX Manifesto
Jim Bowes, chief executive of TPX Manifesto, shared similar sentiments, praising Deeson’s values and way of working, aligning well with the core aims of TPX Manifesto.
Impact and Future Prospects
With a strong presence in various sectors, the group is well-positioned to leverage this acquisition for sustained growth and market influence.
Financial Considerations and Deal Value
This acquisition, being debt-free, underscores the group’s commitment to financial prudence and growth.
This acquisition represents a strategic milestone for the tech services group, aligning with their growth strategy and enhancing their market position.
With further integration and collaboration, the potential for increased revenue and market influence appears promising.