Press release: 20-June-2018
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TES to Acquire VSL
Acquisition bolsters TES’s ability to provide Managed IT Deployment services across Europe.
VSL will be integrated into TES.
VSL CEO Jeremy Thurlow to lead the TES Europe Managed IT Deployment team.
SINGAPORE – June 20th, 2018 – TES today announced that it has reached a definitive agreement to acquire VSL, a leading provider of IT deployment services in the UK and mainland Europe. The acquisition supports TES’s vision to deliver integrated IT lifecycle solutions and helping their clients manage the complexities/risks that are inherent in them. The combination will help accelerate growth and overall client engagement via 33 sites across 20 countries, providing an owned/operated geographic platform that is unmatched in this space.
“VSL has a loyal client base that has been earned by delivering outstanding service,” said Steve Graham, TES Europe GM. “We have enjoyed a long-standing business relationship and see the business and leadership team as a natural fit for TES. I am confident this acquisition will further our ability to deliver outstanding value to our clients.”
Jed Thurlow, VSL MD, said, “TES is already a market leader in the services they provide today and the addition of VSL supports the vision of bringing their clients a more connected lifecycle experience. We’re excited to be a part of the TES team; we believe that there is tremendous synergy we can provide as a part of the services portfolio in Europe.”
TES is backed by Navis Capital Partners, one of southeast Asia’s largest private equity companies with over US$5 billion under management. Jean-Christophe Marti, Senior Partner at Navis, commented: “The market is clearly demanding more seamless IT lifecycle solutions and companies want to use a small number of partners to deliver those solutions. Deployment services are a critical part of that lifecycle and a natural extension of TES’s suite of services. This is another step in the realization of our foundational strategy to build a global circular economy leader around the TES platform.”
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