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Our Corporate Finance team advises the shareholders of AIT on their disposal to Convergence

1 November 2021

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Convergence Group, a telecoms provider for businesses, health authorities and retailers, has acquired a Reading-based connectivity and security services operator as part of its expansion across the UK.

AIT provides agile managed services that support enterprise networks, with a focus on wireless, cyber threat detection and data centre infrastructure.

The acquisition of AIT will boost Birmingham-headquartered Convergence Group's revenue by ten per cent and will add 250 customers.

Danny Masters, managing director of Convergence Group, said: "We are delighted to announce the acquisition of AIT today, a likeminded business with a track record of best-in-class service and dedication to its customers.

"The announcement represents our continued commitment to expanding our business offering and driving forward Convergence Group's growth strategy in the UK."

Steven Bailey, managing director of AIT, added: "We are very excited about joining Convergence Group and the opportunities it provides for our team, our customers and our suppliers to continue our journey together, making networks easier to use and manage and our company a great place to work."

Stuart Williams from James Cowper Kreston who advised the vendors on the transaction commented “We are delighted to have advised the team at AIT on the transaction and we look forward to watching their continued growth as part of a larger organisation. It was also a pleasure to work with the M&A team at Convergence who took a collaborative approach to completing the deal and we wish them all the best for the future”

The announcement follows Convergence Group's acquisition of LAN3 in July and LinchPin in September.