144 views

Procurri greenlights $156.8m deal for maintenance business

Global IT company Park Place Technologies eyes Procurri’s third party maintenance business.

Data center maintenance company Proccurri has received a proposal by IT Solutions company, Park Place Technologies in early November to acquire its third party maintenance (TPM) business for $115m. The company has recently announced that it has accepted the non-binding deal put forth by Park Place technologies.

Park Place will pay the purchase sum for the TPM Business on a debt free and cash free basis.

The entry by Park Place into a definitive agreement will also be subject to formal approvals from its board of managers and equity fund majority owners.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!