Thu, 26 Jan 2012 | MERGER
West Yorkshire-based software firm Atlantic Global has agreed to a £5.2 million takeover by a US firm after putting itself on the market.
Minnesota-based international software company KeyedIn Solutions, which has an office in Ilkley, West Yorkshire, had been very interested in the firm since August.
Atlantic Global had begun to invite expressions of interest last September to assist in its own growth.
KeyedIn’s managing director, James Waterhouse, commented on the deal: “This is a great opportunity both for KeyedIn and Atlantic Global. This move safeguards Atlantic Global’s presence in Yorkshire whilst at the same time opening up significant international opportunity for expansion.
“We believe that the ability to take this product into the US and deliver growth will be of great benefit to both current customers and the team at Atlantic Global.”
Atlantic Global’s clients include Aviva, Virgin Mobile, Computacentre and HSBC. Founded in 1993, it develops software to assist its customers in managing people and projects, directly on their computers or remotely.
The firm has been performing well during the economic hardships of the recession and is also benefiting from a Middle East partnership.
It is also “small and unlikely to deliver significant additional shareholder value either organically or by bolt-on acquisition in the short or medium term,” KeyedIn founder George Klaus said.
An opportunity has arisen to acquire a stone and marble building materials supplier based in South East England. Over a 20+ year period, this family business has grown steadily to serve a solid B2B and B2C client base, with the majority of business d...
Established in 2013, the business started from the founders’ shared dream and commitment to provide the highest quality catering. Today, it is a highly-successful family business, building on over 100 years of combined knowledge between its founders,...
The business is a well-established firm of catering butchers, operating in the North West of England. This business was established 30 years ago and has been owned by the current owner for twelve years in which time it has thrived, retained and built...
FREEHOLD
07
|
May
|
UK administrations update: April 30 – May 7 | ADMINISTRATION
Since our last update, the following businesses have been co...
07
|
May
|
Plant and vehicle hire group acquired out of administration | BUSINESS SALE
A Leicestershire-based supplier of specialist plant and vehi...
06
|
May
|
Tekmar Group disposes of subsea company for £1.9m | DIVISION SALE
Tekmar Group, a Darlington-based supplier of technology and ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.