Yes, it’s M&A time again. Rugged solutions reseller Renovotec has snapped up wireless and mobility specialist Jade Solutions.
Castleford-based Renovotec claims it is now the “largest consultative company in its industry” following the acquisition, which boosts its headcount to 160 staff across the UK and continental Europe and worth a cool £50 million.
Renovotec CEO Richard Gilliard said: “Renovotec is now the largest consultative company in its industry. Our strategy of meeting our supply chain customers’ business needs with best-in-class technology is paying off”.
The Honeywell, Zebra and Extreme Networks partner specialises in rugged hardware, software and services, servicing industries including warehousing, healthcare, e-commerce and manufacturing.
Merseyside-based Jade Solutions specialises in retail, hospitality and transport and logistics, counting Pret a Manger, Marks & Spencer, Nando’s and Betfred as its customers.
The reseller sold an 85 percent stake to European reseller giant Econocom in 2017. But, after an unhappy marriage that lasted just two years, Jade Solutions and Econocom parted ways in 2019 after two Jade Solutions directors re-acquired the business.
