Smith Cooper advised on the sale of the market leading IT hardware solutions and infrastructure support company, Ergo Computing UK Limited, to global company VIP Group.
The deal involved the sale of a majority stake with Ergo’s current Managing Director, Neil Bellamy, continuing in his position and retaining an equity stake. The deal fulfils a plan for Ergo to become part of a larger group so that it can build on its success in IT products and services within the public sector.
The VIP Group deal is expected by Neil Bellamy to “drive growth over many years to come.” VIP Group is headquartered in Warrington and has seven companies around the globe.
VIP Chairman Jatti Sahni commented “We have been looking to diversify into this market sector for some time and we see many synergies and spinoff benefits by working in partnership with Ergo. We also believe that VIP Group will produce a stronger and more competitive Ergo. This acquisition represents a further significant investment by VIP Group and demonstrates our ongoing commitment to future growth.”
Smith Cooper Team