Penntech IT Solutions

Acquirer: Dynamic Networks Group

KBS Corporate has advised on the successful acquisition of Penntech IT Solutions by Dynamic Networks Group, a strategic move backed by Kingland Capital to expand Dynamic Networks' presence in the IT managed services sector.Summary of transaction details:Value: Not DisclosedSector: IT Managed ServicesAdvisor: KBS CorporateKey Entities: Penntech IT Solutions (Target), Dynamic Networks Group (Acquirer), Kingland Capital (Backer)Location: Penntech (London-based), Dynamic Networks (Leeds-based)Note: This acquisition strengthens Dynamic Networks Group's strategic journey to create a market leader in IT Managed Services by gaining a London presence and integrating Penntech's strong client relationships and IT solutions portfolio. For Penntech, the transaction provides the benefits of being part of a larger group, enabling service to a wider customer base with an extended portfolio of IT business solutions.

Acquirer: Dynamic Networks Group

Dynamic Networks Group has acquired Penntech IT Solutions, a leading London-based IT managed services provider, in a deal that strengthens its suite of market-leading software and hardware solutions. Summary of transaction details: Value: Not disclosed Sector: Software & SaaS Advisor: KBS Corporate Key Entities: Dynamic Networks Group, Penntech IT Solutions Location: London Note: The acquisition is part of Dynamic Networks Group's strategic journey to create a market leader in IT Managed Services and brings a new London presence to the group.