Midlands IT consultancy Trinity Expert Systems has acquired Eurodata Systems in a £14.8 million deal.
Round-up of today’s M&A deals
Midlands IT consultancy Trinity Expert Systems has acquired Eurodata Systems in a £14.8 million deal.
According to a statement the purhchase will support the long-term growth strategy of the business and provide the Coventry-based firm with a London office from which it can support its capital-based clients in the financial services and legal sectors.
The deal was financed with £12 million of funding from Lloyds Bank Corporate Markets.
Founded in 1992 by Steve McDonagh and two partners, who subsequently retired from the business, Trinity Expert Systems supports corporate customers with IT services such as consultancy, system design and development and integration and support.
Round-up of today’s M&A deals
- Temenos, a Switzerland-based provider of banking software, is planning to acquire Primisyn, a Canadian provider of business intelligence (BI) software for the financial services sector
Value: undisclosed
Advisors: undisclosed
- Oracle is set to acquire knowledge management software vendor InQuira, in a deal that it believes will form the centrepiece of its Fusion and Siebel CRM applications
Value: undisclosed
Advisors: undisclosed
- Mediatek, a designer of chips used in mobile phones based in Taiwan is to buy a 10 per cent stake in Spice Digital, a developer of Mobile Value Added Services (MVAS) and internet products in India
Value: £12.3 million
Advisors: undisclosed
- Satellite navigation equipment producer Garmin has announced that it has completed the acquisition of Navigon AG, a privately held navigation provider that is headquartered in Germany
Value: undisclosed
Advisors: undisclosed
