MJS IT Services

MJS IT Services, a Kidderminster-based provider of IT solutions for SMEs, has been acquired by Birmingham-headquartered Tela Technology. The acquisition, advised by KBS Corporate, aims to facilitate further growth for MJS IT under new ownership and enhance Tela Technology's comprehensive communication and IT business services.

Summary of transaction details:

• Value: Not Disclosed
• Sector: Business Services & IT
• Advisor: KBS Corporate
• Key Entities: MJS IT Services (Target), Tela Technology (Acquirer)
• Location: Target based in Kidderminster, UK; Acquirer based in Birmingham, UK.

Note: This transaction represents a strategic move for Tela Technology to expand its footprint and service offerings in the IT solutions market, leveraging MJS IT Services' established client base and expertise in supporting SMEs across the UK.