Simpology

Acquirer: Flotek Group

Flotek Group, a managed IT and communications company, has completed the acquisition of Simpology, an IT support specialist. This strategic transaction aims to expand Flotek's reach and service offerings to SMEs across the UK.Summary of transaction details:Value: UndisclosedSector: Business Services (IT Support & Managed Services)Advisor: KBS CorporateKey Entities: Simpology (Target), Flotek Group (Acquirer)Location: United KingdomNote: The acquisition strengthens Flotek Group's position in the IT and cyber security support market, adding new customers and revenue streams. Simpology, under Flotek's ownership, anticipates significant growth opportunities through integrated products and services.

Acquirer: Flotek Group

Simpology, an IT support specialist, has been acquired by managed IT and communications company Flotek Group in a transaction advised on by KBS Corporate. Summary of transaction details: Value: Not Disclosed Sector: Software & SaaS Advisor: KBS Corporate Key Entities: Simpology, Flotek Group Location: UK Note: This acquisition brings new growth opportunities for Simpology's customers and aligns with Flotek's vision to continue its market-leading growth and provide exceptional IT and cyber security support to SMEs across the UK.