StockMarketWire.com - K3 - IT solutions supplier to the retail, manufacturing and distributions sectors - has acquired Willow Starcom, a wholly owned subsidiary of Access Intelligence, for a total consideration of £1.75m in cash to be funded from the group's existing banking resources.

K3 says the acquisition, agreed on a debt free/cash free basis, will be earnings enhancing in the first full year of ownership. Established in 1990 and based in Greater Manchester, Willow Starcom provides remotely managed, on-premise and cloud-hosted IT support solutions together with related hardware, software support and consultancy.

It has particular expertise in Microsoft products and is a Microsoft Hosting Partner. Other key areas of expertise are data backup solutions, data storage solutions, remote access solutions and virtualisation.

Willow Starcom operates in two data centres in the Manchester area and has a customer base of approximately 240 customers cross a variety of sectors.


At 1:11pm:

[LON:ACC] Access Intelligence PLC share price was +0.01p at 2.63p

[LON:KBT] K3 Business Technology Group PLC share price was 0p at 225p



Story provided by StockMarketWire.com