Chippenham IT company acquires Bristol counterpart

A Chippenham IT company has acquired a Bristol counterpart after securing a six-figure finance facility from HSBC UK.

MDS Technologies, which designs, builds and manages cloud infrastructure for large public sector organisations including the Home Office, the MoD and the NHS, has acquired Bristol IT Company, which provides IT services for the private SME market.

The two brands will continue to operate as separate entities in the short-term. The funding from HSBC will also be used to create jobs.

Simon Jacobs, managing director of MDS Technologies, said: “Since lockdown, both companies have experienced a significant increase in demand for our services, particularly in the areas where technology enables remote working and productivity enhancement which have been critical in ensuring business continuity.”

James Shepherd, head of corporate banking for Bristol, Gloucestershire and Wiltshire, HSBC UK, said: “The consolidation of MDS and Bristol IT is a great indicator of the success of both businesses, which each have different roles and markets but will eventually expand its range of products and services as one to support the wider UK market.

“Our latest round of funding was crucial to helping these businesses realise their ambitions and we’re delighted that the deal could still go ahead despite the lockdown.”

The merger was supported by Clarke Willmott, RSM, Temple Bright and Milsted Langdon.