Property firm swoops for Manchester data centre and tech firm in £9.5m deal

MANCHESTER-based services company Styles & Wood has acquired critical facilities and data centre services provider Keysource Ltd for about £9.5m.

The deal is for an initial consideration of £2m to be satisfied in cash and shares with an additional payment to reflect any excess working capital of £2.5m. This payment will covered in cash inherited in Keysource at the completion date.

http://www.thebusinessdesk.com/northwest/news/740133-property-services-firm-swoops-for-data-company-in-9.5m-deal.html?utm_source=RSS&utm_medium=news%2Bfeed&utm_term=Property+firm+swoops+for+data+centre+engineering+and+technology+company+in+%26%23163%3B9.5m+deal

Related Stories

Edge and Commissum align services to thwart hacker...

NW crypto entrepreneur grows business to £840K tur...

Wavenet expands with Talk Internet acquisition

FHL named NetSuite’s partner of year for record si...

Manchester is a tech hot spot for jobs

Edge Testing Solutions makes two new appointments ...

£38 million aquisition deal for distributor Exerti...

Cheshire start-up Ebb3 raises £1 million funding f...

NCC Group CFO resigns after five years

MirrorWeb awarded contract to archive the history ...

Tech North ready to bring in global talent to boos...

Infrastructure services firm SDH acquired by ISP T...