Tactus back on acquisition trail in swoop for £1oom-turnover retailer Box
Warrington-based consumer technology business, Tactus Group, has made a major acquisition with the takeover of £100m-turnover online gaming and technology retailer, Box, for an undisclosed sum.
Box, which is based in Tamworth, is an online retailer of consumer technology and specialist devices to customers throughout the UK and Europe.
It was founded in 1996 by Mark Jordan and over the years has focused on a diversification strategy to widen its product range in the face of growing market demand.
Today it feeds a market for specialist custom-built and pre-built gaming PCs, laptops, components and associated technology products.
The acquisition will increase the global status of Tactus as a PC gaming specialist.
With the addition of Box’s 140-strong workforce, the enlarged group will now number 350 staff.
Box is based in a purpose-built 120,000 sq ft logistics centre, located on the M42 corridor, which will enable Tactus to scale-up its supply chain and its operations while providing further growth opportunities within the $200bn+ gaming industry.
Tactus Group chief executive, Scott Brenchley, said: “Box is a strong addition to Tactus Group.
“With the global gaming space highly fragmented, it is important that we continue to invest in those brands that will fulfil our ambition of being the go-to destination for PC gamers and this acquisition takes us closer to that goal.
“Box provides the group with significant operational capability and a broader customer base as we expand the reach of our own brand products in the UK and overseas. Tactus continues to scale at pace, via both earnings-enhancing acquisitions and through robust organic growth, and we remain focused on leveraging our unique position within the gaming value chain to seize the opportunities ahead.”
Mark Jordan said: “We have been growing our business through our high quality product offering and loyal customer base since 1996. Joining Tactus Group, and its suite of leading technology brands and partners, is an exciting milestone in the Box journey.”
In December 2021, Tactus Group, secured a £13m funding package from Santander UK to bolster its next phase of growth.
The funding was the company’s third round in 2021, having previously raised £40m from Chrysalis Investments in August and a £12.5m investment led by Arete Capital Partners in April.
Tactus completed a number of acquisitions in 2021, including multi award-winning PC gaming brand Chillblast in November, in addition to B2B IT hardware provider BIST and CCL, the PC gaming specialist, in April.
