Econocom UK, a leading provider of digital transformation solutions, has announced a deal that sees Jade Solutions, a UK-based enterprise mobility solutions provider, join the Econocom group. The deal involves Econocom acquiring an 85% stake in Jade Solutions.
The move sees the Econocom Group continuing its expansion in the UK and Ireland, and is another step forward in its journey towards becoming a full digital services provider.
Jade specialises in rugged mobile technology, wireless networks and guest wifi working with a galaxy of major clients in the retail, transport and logistics sectors. Its latest innovative Crowd Wifi solution empowers retailers, hoteliers, restaurants and businesses to interact with, engage and learn from their customers’ behaviour. With 43 employees, Jade reported £12.75m revenues in 2016.
“This is another important acquisition for Econocom,” says Chris Labrey, managing director, Econocom UK & Ireland. “Jade Solutions is an innovative business that has gone from strength to strength in recent years, and so we’re thrilled to be able to bring their collective knowledge and experience on-board. We’re looking forward to working with the whole Jade team as we continue our expansion of the Econocom in the UK.”
Mark Brackley, managing director, Jade Solutions, says: “We are extremely pleased to be the latest addition to the Econocom Group. We’re firm believers that what Econocom is delivering to numerous sectors is certain to revolutionise the way businesses acquire and refresh their technology assets, and so to be a part of this movement is something that excites us as a company.”
Econocom’s acquisition of Jade Solutions is in-line with its ‘E for excellence’ strategic plan, which is firmly focused on added value and a cross-business line approach to open up new possibilities for its clients.