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

Cheshire East Council sets up taskforce to promote...

EfficientIP helps Rotherham local authority combat...

Edge Testing Solutions makes two new appointments ...

Newcastle IT firm True Potential makes Deloitte UK...

Greater Manchester invites bidders for public sect...

Immersive VR specialist outlines flotation plans

UKFast grows with acquisition of public sector sec...

Data analytics start-up Peak raises £2.5m to furth...

Secarma appoints new managing director

Sci-Tech Daresbury firms collaborate on £21.5m wor...

Manchester IT provider King of Servers celebrates ...

Fujitsu to axe up to 1,800 jobs – Manchester...