MJS IT Services

Acquirer: Tela Technology

KBS Corporate advised on the successful sale of MJS IT Services, a Kidderminster-based provider of IT solutions for SMEs, to Birmingham-headquartered Tela Technology. This acquisition expands Tela Technology's existing portfolio of communication solutions and IT business services.Summary of transaction details:Value: UndisclosedSector: IT Solutions / Managed ServicesAdvisor: KBS CorporateKey Entities: MJS IT Services (Target), Tela Technology (Acquirer)Location: Kidderminster (MJS IT Services), Birmingham (Tela Technology)Note: The acquisition of MJS IT Services by Tela Technology represents a strategic move to consolidate market position and enhance service offerings within the competitive UK IT and communications sector, allowing both entities to leverage combined strengths for future growth and expanded client solutions.