Penntech IT Solutions

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 Disclosed
• Sector: IT Managed Services
• Advisor: KBS Corporate
• Key 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.