Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


2e2 Group completes two further acquisitions and acquires Motifact Group & Dynomic.


2e2 Group announces the successful completion of two further acquisitions. This brings the total number of acquisitions made by 2e2 Group to four during 2003. As a consequence of these acquisitions and strong core organic growth, annual revenues reached c.£50m at the end of the year, up from £6m at the beginning of 2003.

The transactions were backed by Gresham LLP, the regionally-based private equity house who supported 2e2’s previous acquisitions and by HSBC who have provided an ongoing debt facility. Both organisations have affirmed their desire to support 2e2 Group throughout their development.

The acquisition of Motifact and Dynomic bring a valuable range of additional services and skills into the Group and will provide access to a broader range of services for 2e2 Group’s enlarged customer base.

Motifact implements IT Services & Asset Management solutions and provides managed IT services to medium and large organisations in the private and public sector and to major outsourcing companies in both The Netherlands and Belgium. Dynomic provide project management, system, network and skilled helpdesk expertise and (co-)sourcing services to medium and large organisations in the private and public sector across the Netherlands

Terry Burt, 2e2 Group’s CEO stated: “The acquisitions we have made in the last six months are a successful first step in our strategy of creating a strong IT services Group catering to mid-market customers. We have a number of further opportunities that we are currently pursuing and we look forward, with the continued support of Gresham and HSBC, to maintaining the momentum generated over the last year”.

“2e2 Group has over-delivered in every respect since our initial investment in July 2003 – we are committed to backing the business in 2004 to allow management to fulfil their growth plans,” said investment director, Paul Canning, who sits on the 2e2 Group board as a non-executive director for Gresham.


Publisher Contact Information:

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

Company profile of 2e2 UK Limited
Past press releases of 2e2 UK Limited.

Data


27,026
Tech investments
From our Online Data Service
17,443
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Nov 25€24.0MInternet commerce
May 30€15.0MBiopharmaceuticals
May 28€15.0MDiagnostics
May 28€1.3MInternet services
May 25€1.0MOther Software
May 22N/AInternet services
May 20€4.3MArtificial Intelligence

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


May 28
Identiq
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
Nethone
nethone raised over $1 million from innovation nest

Mar 31
CompPair
the fit allocates chf 100'000 to comppair technologies

Jan 29
Yumpingo
yumpingo raises $10m to transform guest experiences in restaurants

Oct 1
The Link App
the link app launches version 2.0





About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.