Transaction Spotlight: James Cowper Kreston Corporate Finance advises AIT on its sale to Convergence Group | Blogs

Convergence Group, a telecommunications provider for businesses, health authorities and retailers, has acquired AIT, a connectivity and security services operator based in Reading as part of its strategy to expand across the UK.

AIT provides agile managed services that support corporate networks, with a focus on wireless, cyber threat detection and data center infrastructure. The acquisition of AIT will increase the turnover of the Birmingham-based Convergence group by 10% and add 250 customers.

Danny Masters, Managing Director of Convergence Group, said: “We are delighted to announce today the acquisition of AIT, a like-minded company with a history of first-class service and dedication to its customers. The announcement represents our continued commitment to expand our business offering and advance Convergence Group’s growth strategy in the UK. “

Steven Bailey, Managing Director of AIT, added: “We are very excited to join Convergence Group and the opportunities it offers our team, customers and suppliers to continue our journey together, making networks easier to use and manage and our company a great place to work. “

James Cowper Kreston’s Stuart Williams, who advised the vendors on the transaction, said: “We are delighted to have advised the AIT team on the transaction and look forward to seeing their continued growth as part of the transaction. a larger organization. It was also a pleasure to work with the M&A team at Convergence who took a collaborative approach to close the deal and we wish them the best for the future.

This announcement follows the acquisition by Convergence Group of LAN3 in July and LinchPin in September.

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