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2e2 Group acquires Tradecom International BV.


2e2 Group has purchased outright the Netherlands-based IT services Group Tradecom International BV (TCI) in a cash deal concluded on 15th September 2003. The deal was backed by 2e2 Group’s backers, Gresham LLP, the regionally-based private equity house who funded 2e2’s previous acquisition two months earlier. Following acquisition of the UK IT services businesses from Telenor AS in July, the Telenor businesses have been renamed Norsk Data Ltd and are now trading profitably under 2e2 Group’s direction.

The acquisition of TCI augments the Group’s existing Netherlands-based operation which is strongly focussed on managed IT services and technical services. TCI brings a further €5 millions of revenues to the Group and paves the way for an expanded range of services to be made available to the extended customer base.

TCI offers systems integration and support services to a broad range of customers and specialises in the construction, insurance, financial and housing markets.

Commenting on the acquisition, Burt said “TCI embodies many of the key tenets that 2e2 Group is based upon, providing high-quality services in a proactive and flexible manner within its target markets. TCI has proved itself to be a valued partner to its customers and with the support of 2e2 Group, we plan to capitalise on this and help TCI expand into new markets and services.”

Burt explains: “TCI is an important landmark within our mission to develop a broad chessboard of services covering managed services, infrastructure, maintenance and training. We’re particularly pleased to have been able to conclude this deal relatively quickly following our previous acquisition and, we’re looking forward to working with the management to expand the business.”


Publisher Contact Information:

2e2 Group plc
+44 20 7509 3113
info@2e2group.com

Company profile of 2e2 UK Limited
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