KBS Corporate Advises on Sale of Kelros Limited
KBS Corporate completed the sale of the Swindon based business that provides a range of technical solutions and professional services for IBM Messaging and Collaboration technologies.
In addition to selling the business, KBS Corporate, who have been established for almost 20 years, sold the property in the deal which completed on 30 May 2014. Established in 1996 by husband and wife duo, Mr and Mrs Garcia, Kelros attracted interest from a number of buyers.
By applying a highly proactive approach, utilising an extensive UK and international range of buyer contacts, KBS Corporate were able to identify and target prospective acquirers.
The acquisition completed within six months of going to market to Life IT, who specialise in support and consultancy for key technologies within the IBM and Microsoft portfolio.
The vendors pursued Life IT’s offer as they felt there was a good synergy between the two companies who were offering similar products.
Since inception, Kelros has gained a reputation for the exceptional quality of its services, which is reflected in being rated as IBM’s top Messaging and Collaboration License re-seller in the mid-UK market for three years running. The company holds an impressive client base which includes both blue chip and high end clients.
Tom Eatough, Deal Executive at KBS Corporate advised on the sale and said: “I’m pleased that we managed to agree and complete this transaction so quickly after Kelros came to market. “I would like to wish Marc & Rachael the best for future and I am sure Life IT will continue to build on their success.”