Thrings Advises Tech Company Procurri on Strategic Acquisition
Leading commercial law firm Thrings has advised Cirencester-based technology provider Procurri UK Limited on its acquisition of long-time spare parts supplier, EAF Supply Chain Holdings Limited.
A member of the De Clout group, Procurri UK Limited is a leading independent provider of data centre equipment and lifecycle services. It specialises in the provision of servers, storage and other networking technology, as well as maintenance services and replacement parts for its products.
EAF Supply Chain Holdings Limited – which will become a wholly-owned subsidiary of Procurri UK – is an on-demand supplier of information technology spare parts. It counts global brands HP, IBM, Dell and Fujitsu among its customers.
The acquisition is Procurri UK’s first since the DeClout Group was listed on the Singaporean stock exchange in July 2016.
The transaction is also an important step in Procurri’s growth strategy, as it will enable the organisation to improve its lifecycle service response times and profit margins.
It will also extend Procurri UK’s operational reach and performance through EAF’s three UK offices in Warrington, Wokingham and Nottingham, 55 stock locations and more than 2,000 distribution outlets across Europe.
Other than growing and improving operational reach and performance across the UK and Europe, the Procurri group will take steps to streamline EAF’s operations with a view to achieving further cost efficiencies for the business.
Thrings solicitors, led by corporate partner Simon Hore, advised Procurri UK on the full range of corporate, employment and property aspects of the transaction.
Mat Jordan, head of Europe, Middle East & Africa at Procurri UK, said: “We are pleased to be integrating EAF, a trusted supplier with whom we have worked for more than ten years, into our UK business. As an important part of Procurri UK’s growth strategy, the acquisition will allow us to gain efficiencies and build on EAF’s established presence in the UK and Europe to further improve the reach and quality of our lifecycle services.”
Simon Hore added: “We were delighted to have assisted Procurri UK with its latest strategic acquisition. The addition of EAF will no doubt reinforce what is already a very successful business, and we look forward to working with Mat and his team and supporting Procurri UK’s continued growth and success in the future.”