UK IT services and solutions company the pure technology group (PTG) has been acquired by Fulcrum Technology Group B.V., the European division of a global technology company.
PTG employs 140 people across three locations in Leeds, Wakefield and Wigan. It has increased turnover every year since it was founded in 2007, reaching £39.7 million in its last financial year.
Fulcrum plans to retain all PTG personnel, including the senior management team led by founder and CEO Stephen O’Brien.
He said: “We’ve had many approaches over the last couple of years because, fundamentally, we’re a great business. Fulcrum’s pitch was different though; they have a bigger strategy in play, which will propel us towards being amongst the top echelon of UK IT Service Providers.”
As well as giving PTG access to a broader customer base, the acquisition by Fulcrum will help expand the group’s portfolio of products and services in areas such as secure remote work and enterprise service management.