East Yorkshire IT firm bought for £18 million
Daisy Group, a provider of business communication and IT services, has acquired the IT firm Indecs from Redditch for £18 million.
Indecs is a provider of technical maintenance and support services for business critical, IT server and cloud storage facilities, with revenues of £10.6 million in the 12 month period ended 30th June 2013.
Indecs provides expert support across a wide range of leading manufacturer brands generating maintenance revenues in addition to revenues from hardware sales, consultancy services and time and materials services outside of a client’s main service agreement.
Matthew Riley, CEO of Daisy Group plc, said: “Indecs represents a strong strategic fit and clear growth opportunity for the Group. Its multi-vendor specialist maintenance and support services further expand Daisy’s IT services offering and give the Group the ability to support businesses on legacy IT systems as well as those investing in cloud solutions and cloud based data storage.
“I believe this exciting expansion of our Group’s service offering, together with the cross selling opportunities for both Indecs and our existing customer base, enhance the Group’s ability to deliver sustained growth.”