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Case study:

Acquisition of Networks First by Convergence Group Networks

19 April 2016

BDO has recently provided financial and taxation due diligence to Convergence Group Networks Limited in respect of its acquisition of Networks First Limited, a privately-owned IT managed services and network support business.

Convergence Group is a leading IP and network provider that provides services to bandwidth intensive industries including media and technology. The acquisition will cement Convergence Group’s position as one of the UK’s leading players in network services - strengthening the company’s ability to provide an end-to-end connectivity solution across both the local area network (LAN) and wide area network (WAN).

Both Convergence Group and Networks First are headquartered in the West Midlands and serve the channel partner community. The combined organisation now boasts a comprehensive portfolio of managed network services, network security expertise, multi-vendor network support, engineering and project services for LAN and WAN.

“This is the first time we have worked with BDO, and their blend of professionalism, practicality and efficiency assisted us greatly through the process. The report was of high quality and it was produced in the timescales we agreed, allowing to complete the deal on the target date. We are very happy with the service we received.”
Michael Rimmington, Finance Director at Convergence Group Networks Limited