.
MergerLinks Header Logo

New Deal


Announced

Completed

Converge Technology completed the acquisition of Technology Integration Group for $74m.

Financials

Edit Data
Transaction Value£59m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA6.29x
Share Price Premium-
One Off Charge-

Tags

Edit

business support

Domestic

Acquisition

United States

Information / Data Services

Private

Friendly

Single Bidder

it consulting

Majority

Completed

Synopsis

Edit

Converge Technology, a computer data storage services company, completed the acquisition of Technology Integration Group, a provider IT consulting services, for $74m. “TIG is elated to be joining forces with Converge. We are extremely proud of our 40+ year history and have no doubt that our track record of success as a multi-national service and solutions integrator will continue as part of Converge. We are excited for the strategic direction and vision of the Company and look forward to a bright future for our employees, clients, and business partners," Tom Janecek, Technology Integration Group CEO and CFO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US