Iomart Group plc (GB:IOM) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Iomart Group plc has confirmed that it is in exclusive discussions to potentially acquire Atech Support Limited, a prominent Microsoft Solutions Partner, which could significantly enhance iomart’s cloud service offerings for mid-sized UK enterprises. The deal, if finalized, would be funded through existing cash and banking facilities and is considered a substantial transaction per AIM Rules. The acquisition aims to accelerate iomart’s growth strategy by establishing it as a leading provider of comprehensive cloud services.
For further insights into GB:IOM stock, check out TipRanks’ Stock Analysis page.