Tactus creates £125m business with acquisition of e-commerce platform
Tactus Group, specialists in the development of consumer technology products, has completed a landmark acquisition of PC gaming specialist CCL Computers in a deal that sees the group become a £125m business.
The acquisition sees Tactus increase in headcount to 110 people and adds an e-commerce capability to its offer. Tactus Group is a technology business, providing multi-branded IT hardware to global retailers and the public sector.
The deal has been funded by an £11.25m private equity investment, with lead investor Arete Capital Partners investing £10m, in addition to the group’s existing facilities. The primary deal team comprised Gav Jones of Tactus and Mike Fletcher and Andy Critchley of Arete.
CCL is based in West Yorkshire. The firm has enjoyed a strong financial performance, with five consecutive years of double-digit revenue growth. Turnover for the last financial year hit £65m – a rise of 66 per cent on 2019 figures.
Scott Brenchley, CEO at Tactus Group, comments: “A core part of our acquisition strategy over the next 12 months is to identify and bring together fantastic businesses that complement one another and can really drive our growth. CCL is a perfect example of this, with its longstanding reputation in the gaming market built on the outstanding talent it has at its disposal, as well as its dedication to providing the best quality products to consumers.
“Our aim now is to build on this foundation and grow the business exponentially over the next few years.”