IT group swoops for Isle of Man business in third deal since change of ownership
An Isle of Man-based IT services specialist has been acquired, for an undisclosed sum
Apogee Corporation, which is based in Maidstone but has several UK offices, including one in Warrington, has agreed the deal for Argon Business Systems, which was formed in 1983.
Argon is a well-established services player, predominantly providing IT-based services, while also having MPS (Managed Print Services) and other PS (Professional Services) capabilities.
The business has been delivering comprehensive technology solutions to its customers for almost 40 years. Combined with its Microsoft-certified staff and its experience delivering services within both the print and IT environment, this further supports Apogee’s venture into Managed IT Services.
Aurelio Maruggi, CEO of Apogee said: “This acquisition helps strengthen Apogee’s position as a leader in Managed Workplace Services, both in the UK and, as we continue to drive growth, in Continental Europe.
“Argon’s reputation will enhance Apogee’s coverage and capabilities to support its customers with Managed IT Services, while forming part of our ongoing growth strategy, as we aim to create the perfect combination of secure and flexible solutions for our customers’ workforce.
“Apogee’s portfolio of services has been created to deliver the right technology and solutions to any workforce, and this acquisition further enhances our IT capabilities as we continue to provide a bespoke and market leading service to our customers.”
Argon’s CEO, Iain Fairbairn, said: “This deal will enable the ongoing growth and development of the Argon team on the Island, expanding our range of Managed IT Services into the Apogee customer base across the UK and Ireland.
“It enhances the strength of the business for the future, and is recognition of the excellent service provided by the Argon team.”
He added: “Working with Apogee, we will be able to extend the solutions delivered and the value we can offer to our wide ranging customer base. I believe Apogee’s investment recognises the strength of our economy, the many sectors represented, and the opportunities which exist on the Island.“
Apogee Corporation has a long history of demonstrating exponential growth both organically and through acquisition, having completed 20-plus acquisitions to date.
This is Apogee’s third acquisition since announcing its change of ownership to HP in 2018, and Apogee will continue to consider further strategic acquisitions to drive its growth in the UK and Continental Europe.
Apogee has been on an important journey since the HP acquisition with the development of a broad services portfolio, the expanded presence in Europe, and a notable change in culture throughout the business.