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Innov8 acquires Viking Management Systems

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DTE Corporate Finance is delighted to announce that they have advised Innov8 Technology Limited, a leading provider of ICT solutions, on the acquisition of Viking Management Systems Limited, a Sage Solutions expert. The acquisition expands their geographical reach from the North West into Yorkshire and the North East.

Since the acquisition, Innov8, a top three UK Sage 200 business partner, has successfully integrated the Viking business and both of its shareholders have now retired as planned. Innov8 and Viking will continue to operate under their individual brand names.

Commenting on the acquisition, Carl Maher, Commercial Director of Innov8 said: “We have always admired Viking. It has an exceptional reputation in the Sage ecosystem and there are many synergies we share. We are delighted to bring Viking into the Innov8 Technology Group, and proud to say that both businesses have been operating as normal, delivering the same exceptional level of service to our customers. We are excited about the future of Innov8 as we continue plans to expand across the UK.”

Paul Barnett, Former Managing Director, Viking, said: “We have always respected Innov8 and believe we share a similar set of values. We wish Carl and his team well”
Andy Humphrey, Liam Glennon and Stephen Moorcroft advised the Innov8 Shareholders. Andy Humphrey, Corporate Finance Director said “It has been a pleasure to work alongside Carl and Chris on this transaction. The acquisition of Viking significantly extends Innov8’s geographical reach as well as adding an impressive range of capabilities to the Group. We wish the shareholders with their ambitious plans going forward.”

Turner Parkinson, Manchester provided legal advice to Innov8with a team led by Corporate Partner David Easdown, with assistance from Luke Philpott. Mark Preston of Yorkshire Bank provided the debt to assist with the funding of the transaction.