InsightsNews - Corporate, Banking and Finance - POSTED: January 30 2020
Brachers advises on the sale of Systems Technology to DMC Canotec
Brachers Corporate Team has advised the shareholders of Systems Technology on its sale to DMC Cantoec.
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Systems Technology is a leading managed-print and document management services provider with offices in London and Kent.
The premium devices, managed-print services, bespoke IT solutions, and innovation with a twist, to more than 1,000 customers.
The company was established in 1989 and has won multiple awards and accreditations for its exceptional service to its customers.
Matthew Simmonds, Corporate Partner at Brachers, said:
“I am delighted for the team at Systems Technology. We have worked with them for several years as they have grown and developed the business into one of the UK’s highest-regarded businesses in the sector.
“That growth has come through the team’s total commitment to exceptional service to its customers. I am sure that the business and its legacy will continue to flourish now that it is part of the DMC Canotec Group. Congratulations also to the team at DMC Canotec on the successful completion of this deal and two other acquisitions in the sector.”
Zana Gradus, Managing Director at Systems Technology, said:
“I am delighted to have joined forces with DMC which is a natural fit for our business with a focus on excellent customer service which we can now truly offer on a nationwide basis. As part of this great group, this business will continue to thrive. I would like to thank Matthew and the team at Brachers for all of their excellent advice and support during the process. We could not have achieved a successful completion without their hard work and dedication to our business.”
Matthew was supported by Senior Associate Tim Turner, Solicitor Raul Hernandez, and Partners Antonio Fletcher and Emma Anderson. Burgess Hodgson provided accountancy support on the transaction, which was completed in December 2019.
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