M&A Deal Summary

Shearwater Group Acquires Crystal IT Services

On April 26, 2018, Shearwater Group acquired information technology company Crystal IT Services

Acquisition Highlights
  • This is Shearwater Group’s 1st transaction in the Information Technology sector.
  • This is Shearwater Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-04-26
Target Crystal IT Services
Sector Information Technology
Buyer(s) Shearwater Group
Deal Type Add-on Acquisition

Target

Crystal IT Services

Barry, United Kingdom
Crystal IT Services Ltd. is a provider of cyber security and business information technology solutions. Crystal IT has a portfolio of customers including a number of small and medium enterprises and not-for-profit organisations, to whom it provides information, network and application security solutions, cyber essentials advice, and outsourced IT services and training for companies seeking compliance with the upcoming GDPR legislation.

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Buyer(S) 1

Buyer

Shearwater Group

London, United Kingdom

Category Company
Founded 2004
Sector Information Technology
Employees90
Revenue 23M GBP (2024)
DESCRIPTION

Shearwater Group is focused on building a UK-based group providing digital resilience solutions. The company is to acquire and develop information security, cyber, and cybersecurity companies with a leading product, solution or service capability whose full potential can be unlocked through active management and capital investment. Shearwater Group was founded in 2004 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1