Rickitt Mitchell advises RJD Partners on the sale of Intrinsic Technology Limited
Maintel, the fast-growing provider of managed communications services, today announced the acquisition of Haydock based Intrinsic Technology Limited, a provider of secure intelligent communications solutions, from RJD Partners.
Intrinsic adds strong capability in Cisco through its Gold Partner status and the deal will boost Maintel’s capabilities in the networking, network security and unified communications space and is the next step in the company’s strategy to grow and further diversify.
The combined business will make Maintel one of the largest communications integrators in the UK with combined revenues of around £160m and over 700 employees.
Maintel’s CEO Eddie Buxton said: “The acquisition of Intrinsic makes compelling strategic and financial logic for our shareholders. Intrinsic has an enviable track record as one of the UK’s leading Cisco partners and significantly enhances Maintel’s strong capability in networking. As well as further broadening our Avaya capabilities, the acquisition also brings the opportunity to offer Maintel’s existing portfolio to Intrinsic customers, in particular our ICON suite of cloud and managed services”.
The acquisition is for the entire issued share capital of Intrinsic Technology Limited for a total consideration of £5.25 million. For the 12 months to May 2017, Intrinsic’s adjusted loss before tax was approximately £550,000.
RJD Partners were advised by Brian Higgins and Kaine Smith of Rickitt Mitchell.Back to news