Issue 3 2021

4 Acquisition International - Issue 3 2021 News : from around the world Third Time’s The Charm Air IT announces its third pair of acquisitions. The fast-growing IT MSP acquires InfoTech Solutions (UK) Limited and Concise Technologies Limited, bringing its total number of acquisitions to six in the past six months Air IT has recently announced its fifth and sixth acquisitions in a series of M&A deals led by CEO John Whitty. It has acquired Kent- based InfoTech Solutions (UK) Limited and Cheshire-based Concise Technologies Limited, effective 2nd March 2021, for undisclosed considerations. Backed by August Equity, this marks the third time the IT Managed Service Provider has acquired two businesses simultaneously, the first pair in October and the second in December. As a result of these acquisitions, Air IT has now established itself firmly in the North West, whilst also boosting its existing presence in the South East. The addition of InfoTech and Concise Technologies is part of Air IT’s ambitious stated plans to expand across the UK and will see the group’s headcount increase by 50 with an additional 250 customers. These highly regarded companies share the same client-centric approach that is valued throughout the Air IT group, and each has seen impressive organic year-on-year growth. “Both InfoTech and Concise Technologies have outstanding reputations, and we are thrilled to have them on board. We know they will be a great fit for the Air IT group, considering their remarkable track record when it comes to customer service and satisfaction”, says John Whitty, CEO of Air IT. “We want to be regarded as the de facto MSP of choice for SMEs across the UK and these acquisitions allow us to expand our footprint and gain skilful, like-minded team members. Entering the North West has always been one of our strategic goals, along with future growth in the North East, and we now have the capability to deliver a national offering, serviced locally, which is so important to SMEs.” “Becoming part of the Air IT group will allow us to offer even more strategic and business-enhancing services to our clients”, says David Southern, Managing Director of Concise Technologies. “We’re excited to join forces with a group of forward-thinking MSPs who recognise the value of digital transformation and world leading service. Technology has proven critical in continuing business operations over the past year and we look forward to helping our clients further realise their goals through the innovative new services and support that we will now be able to provide.” “We are delighted to be joining up with Air IT. Like InfoTech, Air IT are committed to helping businesses use technology to their advantage. Being part of this select group will allow us to expand our service offering whilst we bring to the table our expertise in the financial, construction and manufacturing sectors”, says Jason Foord, Managing Director of InfoTech. “After a period of steady growth, we are excited to take this next step in our journey whilst retaining the same culture and top-quality standard of service our clients are used to.” Dragonfly Biosciences acquires premium extraction services, expanding its CBD extraction capability. Dragonfly Biosciences, manufacturers of DragonflyCBD oil has recently acquired full ownership of Premium Extraction Services Limited - a large-scale state-of-the-art ethanol extraction facility. This acquisition adds to Dragonfly Bioscience’s expanding portfolio and reinforces its trusted and leading position in the CBD market. Transparency, quality, safety, and the seed-to- shelf strategy are at the very heart of Dragonfly Biosciences, and the full ownership of the ethanol extraction plant adds yet another level to this. The expansion will enable Dragonfly Biosciences to deliver bespoke CBD Distillate and CBD isolate in significant quantities. The extraction facility allows large-scale delivery of over 1000kg of CBD per month, in comparison to other extraction facilities which can deliver on average around 50kg per month. Regan Saveall, Chief Executive at Dragonfly Biosciences – www.dragonflycbd.com -says: “The acquisition of the Premium Extraction Services Company is a significant step forward for Dragonfly Biosciences and importantly our range of CBD products. We are committed to innovation and investment, and already have our own vertical integrated supply chain, which allows us to provide high-quality CBD products, all of which are compliant with all regulatory status. “By investing as a company, we can ensure our CBD brand is as always safe, legal and best in class when it comes to quality and consumer transparency. “The extraction facility will enable us to control and produce even more first-class CBD on a much larger scale. This will support the demand for our current products and allow us to explore different types of CBD offerings. There are only a handful of large-scale fully permitted facilities in the EU, so this is really exciting for us.” This Dragonfly Bioscience extraction plant is based in Romania close to the Bulgarian border and fields where Dragonfly Bioscience has 650 hectares of organically certified land. The extraction facility is built to EU-GMP standard, will full accreditation status in progress. Expanding Their Services