KBS Corporate Oversees the Acquisition of Tellemachus Limited
Tellemachus is a long-standing provider of IT technology solutions with an enviable blue-chip client base. The Company has extensive experience of protecting classified Government information and providing cyber security solutions that comply to international standards such as Cyber Essentials & ISO 27001.
The company was formed by Matt and Peter Wood, who are now offering the business for sale to enable growth under the guidance of a new owner.
The opportunity attracted an impressive 135 interested parties, this included buyers trade and private equity from both the UK and overseas. This resulted in seven competing offers.
The final offer came from Bedroq Limited the shareholders of the company has a clear acquisition via growth strategy. The acquisition will see Bedroq Limited expand their geographic footprint from London to Glasgow, as well as adding to their service offerings.
Managing Director of Bedroq, Edward Armitage, commented: “We have taken a careful approach in selecting the right company to join Bedroq, ensuring that both businesses would benefit and ultimately excel together. Our objective has always been to find a like-minded team that bring additional skills and wisdom to Bedroq. We think we’ve found that in Matt and Peter and the team at Tellemachus.”
Post-acquisition Managing Director Peter Wood, along with CTO Matt Wood, will remain with the business to facilitate a smooth transitional period.
Corporate Deal Executive at KBS Corporate, Matthew Sibley, advised Tellemachus throughout the process.