Looking for expert advice on buying or selling a business?

Contact Us Now

Gateway Computing Sold to Civia

gateway computing sold to civica uk

 

The owners of Gateway Computing were seeking an exit at maximum sale value to pursue other interests. With a turnover of £3.6m and a strong projected growth with new projects in the pipeline, Gateway Computing provides Electronic Document Management solutions to the NHS.

Avondale were instructed to assist with the sale of this business and allocated a senior consulting team backed by our research and marketing specialists, in order to manage the process. After intense research and marketing, Avondale identified a number of suitable buyers and meetings were held, resulting in several offers.

Further to negotiation and guidance from Avondale, the sellers selected Civica UK Ltd as the structure of the transaction provided them the sales proceeds they wished to achieve at completion. The sellers also believed that Civica were the best commercial fit as they already operated in the marketplace and therefore could provide the potential future growth for Gateway and career opportunities for the existing staff that were all to be retained.

The acquisition extends Civica’s presence and expertise in particular in the health sector at a time when electronic document management is increasingly seen as a means to increase efficiency and productivity. Gateway has a successful track record, and together the combined Group supplies more than 275 NHS Trusts including more than 80% of Acute Trusts in England.

Simon Downing, Civica chief executive, said: 

“I am delighted to welcome Gateway to the Group. The business strengthens and extends our position in an important market area in keeping with our vision to help customers streamline their services and achieve significant savings through a distinctive combination of specialist systems, IT managed services and business process."

“The acquisition is a very positive step for the business and we are delighted with the transaction. Avondale’s research, technical and negotiation skills were second to none, enabling us to complete the sale in an exceptionally short time achieving the transaction value we were aiming for.”

Scott Wilce, Managing Director, Gateway Computing

To talk to Avondale about your objectives, call 01737 234892 or email iod@avondale.co.uk

 

Copyright Avondale 1999-2017 | Jellyfish
Company No. 069 38460. VAT No. GB 995 6609 54