News
Digital Exchange acquires Napier IT Group
Digital Exchange, the Sheffield based technology solutions provider, has acquired the Napier IT Group. Digital Exchange specialises in IT networking & support, business telecoms, network cabling, voice & data connectivity and dictation technologies. The acquisition of Napier enhances Digital’s IT support offering and gives Napier’s customers access to the company’s full range of services.
Andrew Coates and Greg Barker of dealmakers Strategic Corporate Finance advised Digital Exchange on the acquisition. Andrew Coates said “This is a great deal for Digital Exchange and for Napier’s customers and keeps Digital on course with their ambitious growth plans”.
Nick Cotton, Digital’s Managing Director, said “The synergies between Napier and Digital were obvious from the start, and following discussions over many months with Napier’s owner, Mike Smalley, a deal was struck that involved purchasing 100% of the issued share capital. It’s very much business as usual as far as Napier’s customers are concerned; they will continue to be serviced by the same technical consultants as before in the manner in which they’ve become accustomed. However, supporting all of that will be the larger infrastructure of technical expertise within Digital Exchange, plus a broader range of technology-based products & services”.
Mike Smalley commented “A key factor in choosing the company which would be able to buy Napier, was that the new owners would not change the ethos of the company, would retain and develop the staff, and satisfy customer support requirements at least to the level that had previously been enjoyed. We believe that Digital meet all these criteria and that our customers can look forward to a happy business relationship for many years to come.”
James Wilson, the Investment Manager at Creative Sheffield, Sheffield’s development company, said “It’s great to see such a well regarded Sheffield company strengthening its portfolio. This acquisition shows that Sheffield’s extensive digital sector is continuing to thrive and prosper. Businesses have confidence in the digital organisations that operate here.”
