19th Aug 2021 10:58
(Alliance News) - Chrysalis Investments Ltd on Thursday said it has invested GBP40.0 million in IT e-commerce brand Tactus Holdings Ltd.
The Warrington, Cheshire-based company invests in global businesses with a technological focus. Tactus also is based in Warrington.
Chrysalis hopes the investment will accelerate Tactus' international "buy-and-build" strategy and enhance its IT hardware offering. It currently supplies branded and own brand products, such as laptops, gaming PCs, tech accessories and IT components.
In pursuit of international growth, Tactus has "an exciting M&A pipeline ahead", said Tactus Chief Executive Scott Brenchley. It acquired IT retailer CCL Computers Ltd in April this year.
"The market that Tactus operates in is hugely fragmented, and the company is looking to complement its proven ability in brand creation and development with the acquisition of recognised, well-respected brands to build a market leading position across three key verticals globally: entry level computing, gaming and education," said Chrysalis.
On Tuesday, Chrysalis unveiled its GBP47.5 million investment in US-based data infrastructure company InfoSum.
Shares in Chrysalis were down 1.6% at 254.85 pence in London on Thursday, while the wider FTSE 250 index was down 1.0%.
By Josie O'Brien; [email protected]
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