UK IT services and solutions company the pure technology group (PTG) has been snapped up by the Fulcrum Technology Group.
PTG employs 140 people across three locations in Leeds, Wakefield and Wigan. It has increased turnover every year since it was founded in 2007, reaching £39.7 million in its last financial year.
Fulcrum plans to retain all PTG personnel, including the senior management team led by founder and CEO Stephen O’Brien.
O’Brien said: “We’ve had many approaches over the last couple of years because, fundamentally, we’re a great business. Fulcrum’s pitch was different though; they have a bigger strategy in play, which will propel us towards being amongst the top echelon of UK IT Service Providers.”
The acquisition by Fulcrum will help expand the group’s portfolio of products and services in areas such as secure remote work and enterprise service management and help PTG access a broader customer base.
M&As are expected to continue through the year, with Gartner saying temperatures are “hotting up”.
