As part of its UK expansion plans, the multi-national Econocom group has acquired a majority stake in Trams Ltd, a London-based IT solutions provider benefiting from long- standing partnerships with Apple, HP, Lenovo and Dell.
Founded in 1990, Trams serves international companies and well-known blue-chip brands with a range of products and services, including commodity IT hardware, cloud hosting, IT maintenance and recycling. It employs around 40 people and in FY20 reported revenues of £42 million.
The Trams deal marks the start of a new growth phase for Econocom, based on targeted acquisitions supporting its ‘one digital, one company’ strategy to provide B2B customers with everything needed for successful digital projects, including financing, technology and services.
Frances Weston, Managing Director for UK and USA, said: “We are very pleased with this transaction, which will significantly strengthen our presence in the United Kingdom, a strategic development area for the group. We are also delighted to resume a new cycle of external growth after two years of consolidation. This acquisition opens a new era for Econocom as a Digital General Contractor.”