iomart confirmed that it’s in talks to acquire digital company, Atech.
Glasgow-based iomart released the statement in response to press speculation about the move for the Microsoft Solutions Partner.
It confirmed that it was in exclusive talks with Kookaburra Topco, the holding company of Atech Support Limited.
Atech delivers multi-platform solutions, public cloud digital transformation and specialised managed security services to mid-sized enterprises.
iomart stated:
“There is no guarantee that the Possible Acquisition will proceed, however, if it were to proceed, it would be financed from the Company’s existing cash resources and banking facilities and be classified as a Substantial Transaction under the AIM Rules for Companies.
“The Directors of iomart believe that the Possible Acquisition of Atech would accelerate iomart’s growth strategy, positioning the enlarged group as the leading provider of secure public, private and hybrid cloud services to mid-sized enterprises in the UK.”
It added that further announcements would be made “as and when appropriate.”
