Glasgow-based network and security integrator Ping Network Solutions has been acquired by Luxembourg-based Sword Group.
Sword UK employs 430 staff and more than 100 contractors with primary locations in Aberdeen, Glasgow, London, Houston, and Rijswijk - to which it will now add Ping's offices in Glasgow, Bellshill and Aberdeen.
The deal, for an undisclosed sum, should let Sword offer its clients a “complete range of solutions” - adding to its existing work on data insights, digital transformation and software development.
Ping forecasts a revenue of about €13m for 2022.
Dave Bruce, chief executive at Sword UK, said: “I’m delighted to welcome the Ping team into Sword - this deal will allow us to deliver a more complete range of solutions to our customers.
“The Ping team has an exceptional level of skill and domain experience and is focused on delivering quality solutions – they will be a great fit within Sword.”
Terry Neill, business unit director at Ping, added: “Ping has a long-standing working relationship with Sword in the UK and is very excited to be joining the Sword Group.
“Our experience in delivering network and security solutions will complement Sword’s current service offerings - we are looking forward to furthering our growth within the Sword Group” .
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