Telford-based distributor GNR Technology has announced the acquisition of QBS Software Limited for an undisclosed sum.
QBS provides a range of complementary and extended software delivery services. The acquisition of the London based business supports GNR’s continued European growth plans and accelerates entry into both new and adjacent markets. With headquarters in London, a turnover of over 30 million and employing 40 staff, QBS is one of the industry’s primary providers of software delivery services and distributor of over 220 software publishers.
“The acquisition of QBS provides a major growth opportunity for both businesses," said Dave Stevinson, managing director of GNR. "With a full range of high profile publishers, the acquisition of QBS supports our shared plans to meet increasing demand across the business, as well as offering more services to new partners.
“Likewise the services we bring to the relationship will enable us to deliver on our ambitions to create one of the most efficient and effective software delivery models in the channel.”
The timing of the announcement also coincides with the launch of GNR’s new ESD platform in Beta stage and GNR being announced as the exclusive retail distributor for Panda Security.
Both GNR and QBS will continue to trade as separate companies under their own names.
GNR was advised by Ian Campbell at FC Corporate Finance Limited and Simon Wallwork at Slater Heelis LLP and the shareholders QBS were advised by Mark Fecher at Devonshire Corporate Finance Limited and David Willbe at Lewis Silkin LLP.