The purchase price was not disclosed.
TechTeam is a technology business with expertise in the small to mid-market. Established in 2006 and based in Worcestershire, the team is led by Founder and CEO, James Green.
Since the acquisition of Tech Op Solutions in 2019, and under the leadership of CEO, Lorrin White, Bamboo has successfully transitioned from its routes in telecoms service provision to become an ICT managed services provider in the Southwest cyber and technology communities.
This latest acquisition is key to Bamboo’s growth strategy and in enabling them to expand their expertise, customer base and regional MSP footprint, whilst supporting their focus on education and employment in the sector (in conjunction with both the West of England Institute of Technology and The Cyber Resilience Centre for the Southwest).
Lorrin said: ““Our overarching purpose at Bamboo is in helping others develop and grow, and this is as much about the efficiency and productivity of the here and now as it is about protecting future operations.
“Along with the rest of the Board, I am delighted to welcome TechTeam to the Bamboo family. We are now uniquely positioned to educate and inform a broad audience of businesspeople so that they can confidently connect and grow. Whether it’s business as usual or digital transformation programs, it is imperative that we have the right people, with the necessary expertise, delivering all the right elements.
“James and his team focus on providing IT solutions with the customer at their heart and this is something they deliver exceptionally well. Coupled with their experience, energy and enthusiasm, this latest acquisition promises to be a game changer for Bamboo.”
TechTeam CEO, James Green, said: “TechTeam is extremely excited to be joining the Bamboo group. The team and I have put our hearts and souls into building a successful, customer centric IT Managed Services business, always aiming to exceed expectations.
“Our strong service ethos and people culture is also very much in evidence at Bamboo, and alongside our established managed service model, we are looking forward to working together to create opportunities for growth and development in products, services, customer base, skills sets and careers.”
Hazlewoods Corporate Finance team and BPE Solicitors advised Bamboo Technology Group Limited on its strategic acquisition of TechTeam Group Limited. The deal was guided by Hazlewoods Corporate Finance Director, James Whittaker, and BPE Solicitors Partner, Adam Kean, who worked with Bamboo to further expand its group of businesses.