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M&A Deal Summary

Source Code Acquires Boston

On June 26, 2023, Source Code acquired technology hardware company Boston from 2CRSI

Acquisition Highlights
  • This is Source Code’s 2nd transaction in the Technology Hardware sector.
  • This is Source Code’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2023-06-26
Target Boston
Sector Technology Hardware
Buyer(s) Source Code
Sellers(s) 2CRSI
Deal Type Divestiture

Target

Boston

Hertfordshire, United Kingdom
Boston is a provider of high-performance server and storage solutions for the significant growth in business around data, media, and AI as well as traditional IT workloads. Boston was founded in 1992 and is based in Hertfordshire, England.

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Buyer(S) 1

Buyer

Source Code

Norwood, Massachusetts, United States
Category Company
Founded 1992
Sector Information Technology
DESCRIPTION

Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.

DEAL STATS #
Overall 4 of 4
Sector: Technology Hardware M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Broadberry Data Systems

Perivale, United Kingdom

Broadberry Data Systems Ltd. is a manufacturer of high-end custom rackmount servers, storage servers, and high-performance workstations. The company supplies a variety of products to suit all your business needs. Specializing in rackmount servers, high capacity storage servers, high-performance workstations & specialized custom rackmount server configurations, The company can custom configure a system to fit every business demand. Broadberry Data Systems was formed in 1989 and is based in Perivale, United Kingdom.

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Seller(S) 1

SELLER

2CRSI

Strasbourg, France
Category Company
Founded 2005
Sector Technology Hardware
Employees394
Revenue 183M EUR (2023)
DESCRIPTION

2CRSI is a provider of storage systems, high-performance computing (HPC) solutions, and customized IT appliances. 2CRSI was founded in 2005 and is based in Strasbourg, France.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Boston

Hertfordshire, United Kingdom

Boston is a provider of high-performance server and storage solutions for the significant growth in business around data, media, and AI as well as traditional IT workloads. Boston was founded in 1992 and is based in Hertfordshire, England.

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