iTech Scotland Ltd (“iTech”) has been acquired in a management buy-in deal, advised by KBS Corporate.
iTech is a system integrator company based in Scotland, supplying all the necessary service requirements to the automation industry.
Established in 1989, iTech have worked with a wide range of clients to deliver practical solutions, across both the public and private sector. The company offers a wide range of services, including software design, training, repairs, equipment and machine safety.
As the shareholders at iTech begin to consider their retirement plans, they instructed KBS Corporate with the sale of their business. Following an in-depth research strategy by KBS Corporate, a number of interested parties came forward, with over 25 NDA’s signed and several meetings held.
Ultimately, the accepted offer came from a private individual who has ambitions to grow the company.
Tom Eatough, Associate Corporate Director, advised our clients on the deal and commented, ‘I wish both parties the best going forward, and believe the deal will serve as advantageous for all involved.”