November 6, 2018
BBT, the print services company, has revealed the acquisition of the independent copier and printer supplier following the receipt of a significant funding package.
As insider media reports, the Coventry-headquartered BBT “has snapped up Wellingborough-based Technocopy Solutions”, following the receipt of a £7.4 million ($9.6 million/€8.4 million) funding package from Clydesdale and Yorkshire Banks.
This acquisition “will finance a five-year push” by BBT to reach a turnover of £20 million ($26 million/€22.8 million).
BBT founder and owner Phil Runciman said: “Clydesdale and Yorkshire Banks came up with an innovative opportunity, which other banks just couldn’t compete with.
“They invested a great deal of time in really understanding the business, were open and transparent throughout the process and delivered the deal at the pre-agreed terms.”
Ian Fairclough of Clydesdale and Yorkshire Banks commented, “We’re very pleased to have supported the team at Business by Technology.
“It’s an exciting time for the business and we’re thrilled to be able to be involved in its growth and development.
“We pride ourselves in fully understanding our customers businesses and their objectives to ensure we offer a flexible solution that meets their financing needs.”
Categories : City News