Cloud-based IT firm swallowed by Pinnacle Technology
Date added:
27/05/2016
WARRINGTON-based cloud IT company adept4 has been acquired by Pinnacle Technology Group, the AIM-listed of provider of converged technology solutions for £7m. The deal is for an initial consideration of £4.5m satisfied in cash plus a deferred consideration of £1m in cash, payable in January 2018. A further contingent consideration of up to £1.5m in cash is payable in March 2018, subject to performance criteria for the year to December 31 2017. The acquisition is part financed through issue of £5m l....
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