KITS provides high-value IT support and transformation services to both public and private sector clients and its expertise in service integration and management has cemented its reputation for transforming and running live and critical services for large public sector organisations.
The acquisition of KITS will support The Panoply Holdings PLC – the technology-enabled services group focused on digital transformation – in its drive to secure ever larger contracts across the public and commercial sectors. It will also see KITS continue its ambitious plans for expansion, making its leading capabilities available to a wider set of clients.
Grant Harris, Founder and Chief Executive Officer of KITS, says: “I’ve been really impressed with Tim, Dom and the whole team at Burges Salmon. We were very well looked after and they showed real patience in using their expertise and experience to guide us through the M&A process for the first time. We’d be delighted to work with Burges Salmon again and the firm will certainly be our first choice for any future legal process.”
Tim Roberts, Dominic Davis and Briony Barber from Burges Salmon’s Corporate Finance team (together with specialists from across the firm) worked alongside Shaw & Co in advising Grant on the sale.
Tim Roberts, Corporate Finance Director, comments: “We have thoroughly enjoyed working alongside Grant and the team at Shaw & Co on this transaction. We’ve seen a real up-tick in deal-flow over the last six months, demonstrating that the appetite for successful UK companies remains strong, particularly in the tech space and this deal is a great example of strategic M&A being executed successfully.
“We wish Grant and The Panoply all the best in growing the business together to deliver KITS’ expertise in the sector to a wider audience.”
Jim Shaw, Founder and Partner at Shaw & Co adds: “The story of KITS is phenomenal. Grant has built a team of standout experts that are making a real difference to their clients. Digital transformation is top of the agenda for all organisations at present and KITS is an exceptional provider in that space. We are delighted to have advised KITS on its strategic options and ultimately a deal with The Panoply.”