Diamond Group, a Gateshead-based IT services company has been acquired by Agilico, a business that provides workplace technology solutions including: managed print services, information management systems, agile working solutions and telecoms and IT services.
This transaction is a key part of Agilico’s ongoing commitment to investment and growth in the North and builds on the successful acquisition of United Carlton in 2019.
Diamond Group supply printers, photocopiers and multi-functional devices via sales, lease and rental mechanisms, the supply of IT support, security and cloud computing services and the supply and installation of IT software and hardware telecoms. The acquisition adds a further £2m in revenue to Agilico and 500 customers.
Square One Law provided legal advice to Diamond Group whilst Bell Anderson provided accounting and tax advice.
John Burns, Managing Director of Diamond Group, said: “The team at Square One Law were fantastic all the way through the journey. Thanks again to Ashraf Ali and Hayley Davidson for their hard work and support.”
Ashraf Ali, Corporate Partner at Square One Law said, “It was fantastic to work with Diamond Group and its shareholders on what is a very exciting transaction for the business.”
The Square One Law team included Ian Gilthorpe (senior partner), Ashraf Ali (corporate partner), Hayley Davidson (corporate associate), Eleanor Wilkinson (employment partner), Francesca Lilley (employment associate) and Jonathan Bone (property senior associate).
