Simpology

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: Undisclosed
• Sector: Business Services (IT Support & Managed Services)
• Advisor: KBS Corporate
• Key Entities: Simpology (Target), Flotek Group (Acquirer)
• Location: United Kingdom

Note: 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.