Capital Law is pleased to announce that Nuvias Group, an IT distributor, has completed an acquisition of SIPHON Networks, a Unified Communications technology enabler.
SIPHON is an acquisition to a business portfolio that includes Wick Hill, specialising in security, and Zycko, award-winning advanced networking experts.
Nuvias Group, who operate across Europe, the Middle East and Asia, believe that the acquisition of SIPHON can help develop the group’s existing operations. Managing Director, Steve Harris said: “We will protect what has already been built by SIPHON [and] enhance it through the other capabilities in the Nuvias Group. It enables us to accelerate our growth plans and expand geographically in the UK and EMEA.”
SIPHON will continue to operate from the same location, with the same staff and the same management team.
Mr Harris added: “Capital’s contribution to the deal was extremely valuable. We needed lawyers to draft the contracts, of course, but needed them also to understand what the deal was about, and to facilitate the process with all the other parties to it. Capital did all of this very effectively indeed, to make the process quick and efficient. We were delighted with their help.”
For more information, please contact the corporate team.