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Horizon Capital backed Agilico closes eighth acquisition

Agilico is pleased to announce the acquisition of the Diamond Group adding a further £2m of high-quality revenues and over 500 valued customers.

Diamond was established in 1992 and is headquartered in Gateshead. The business supports SME organisations with a set of solutions that include: Telecoms, IT and Managed Print Services. The acquisition further strengthens Agilico’s northern region, which is headed up by Regional Managing Director, Warren Colby.

“I am delighted with this acquisition – the team here in the north has known Diamond for a number of years and to have their people on our side is really compelling”, said Warren Colby.

Agilico CEO, Simon Davey said “our strategy is to build a UK wide, SME focused business that can provide our customers with a great set of products and services. We know that Diamond has a customer-centric culture and that is just what we are looking for in our acquisition plan”.

Luke Kingston, Partner at Horizon Capital, said “This acquisition demonstrates Agilico’s continued opportunity to grow through highly complementary acquisitions alongside continued organic growth. Diamond Group represents another high quality addition to the platform, and we look forward to continuing to support the Group on its growth journey”.

About Agilico

Agilico supports its 11,000 customers by making their work easy using leading workplace technology. Agilico’s expertise and experience spans four key areas:

Managed Print services that give organisations a highly dependable, secure and cost-effective print capability for their teams.

Information Management systems that digitise documents, data and workflow, giving people easy access to the processes and information they need.

Agile Working solutions that allow employees to operate effectively and efficiently no matter where they are.

Telecoms and IT services that keep employees, customers and partners connected and productive.

To find out more, visit www.agilico.co.uk

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2020