Intact has acquired its longtime partner, Blue Rock Systems. The deal is expected to accelerate Intact’s growth in the UK.
Intact’s ERP systems have been resold, deployed, and serviced by Blue Rock for over 15 years. The acquisition will increase Intact’s ERP footprint.
Intact’s profits were used to pay for the acquisition, which cost several million pounds. The specifics weren’t made public. The acquisition was finalized on June 14.
All of Blue Rock’s personnel will be retained, increasing Intact’s staff size to 243. The business had more than £2.6 million in net assets as of its most recent financial report. During the previous fiscal year, it increased revenue by 30 percent and profits by 10 percent.
Acquisition of Blue Rock Systems
Blue Rock’s team consists of 43 employees. Not only will the acquisition increase Intact’s total number of employees, but it will also increase the firm’s reach across the UK, with new headquarters in Warrington and Hemel Hempstead.
The CEO of Intact, Justin Lawless, stated: “Intact’s policy to grow into the top supplier of software business solutions in the distribution industry includes the acquisition of Blue Rock Systems.”
“This significant development expands our already sizable consumer base and incorporates a group of highly qualified employees with extensive knowledge of the software business, who will improve customer service and sustain our expansion objectives.”
George Troullis, who co-founded the business with Lance Norton as commercial director and Glen Jewell as director of sales, is joining Intact’s management group. “The collaboration is fantastic, and the collective knowledge will significantly increase customer resources”, said Troullis.