Announced
Completed
Financials
Sources
Tags
Private Equity
Friendly
United Kingdom
Domestic
Private
IT Services: Other
technology services
Acquisition
Majority
Completed
Single Bidder
Synopsis
August Equity-backed Air IT, a technology supplier for SMEs and internal IT teams, completed the acquisition of Vital Technology Group, a business to business provider of technology services encompassing IT managed and cloud services. Financial terms were not disclosed. “We’ve spent the last 15 years developing and growing Vital into a successful regional business with an enviable local reputation. By joining Air IT, we’ll not only be able to offer additional technical expertise, skillsets and capabilities, whilst continuing to deliver the highest levels of service to our clients, but will continue our journey of growth, establishing Air IT as the IT partner of choice for SMEs in Yorkshire and the North East region,” Lee Evans and Alex Dawson, Vital Joint Managing Directors.
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