Compubyte Systems Ltd Sold in Deal Advised by KBS Corporate
Compubyte Systems Limited has been acquired by the LDD Group Limited for an undisclosed sum, assisted in negotiations by KBS Corporate, Bolton based specialist in company sales and brokerage services.
Established in 1999, Compubyte, based in Cullingworth near Bradford in West Yorkshire provides a full range of I.T. services to Primary Schools in the West Yorkshire/Lancashire areas including I.T. maintenance, installations and also the leasing of I.T. equipment.
The acquirer, LDD Group Limited, based in nearby Horsforth near Leeds, was established by Ian Sellars and Paul Hartley in 1993 and provides tailored I.T. hardware, software and integrated services to public and private sector companies across the UK. LDD are the outsourcing provider to local government departments, NHS Foundation Trusts, local manufacturing and education establishments.
The acquisition of Compubyte will enable the LDD Group to grow their service offering in the Educational sector, adding to their 20 strong employee base and £10m annual turnover.
Full terms of the deal have not been disclosed for the acquisition which completed on 30th April 2013.
Deal executive Tom Eatough of KBS Corporate who was integral to the sales process comments “LDD Group is a well suited acquirer for Compubyte and I am delighted that we managed to agree a deal. It was a pleasure to work with Bill & Elaine and I wish them the best for their impending retirement.”