IT distributor, Northamber, has acquired Tempura from Matthew Light in a deal worth an estimated £6m in cash.

The acquisition is in line with Northamber’s strategy of building a stronger industry position in audio-visual and unified communications through organic growth and via strategic acquisitions.

Tempura is a value-add distributor of unified communications including VoIP, connectivity, audio visual and video conferencing solutions in the UK, Ireland and the BeNeLux.

The shape of the deal, which is worth a consideration of up to £6.02m, will see £3.28m in cash paid upon completion of the acquisition, £0.1m through the issue of consideration shares at 55 pence per share, and a performance based contingent consideration worth up to a maximum of £2.64m.

Executive chairman of Northamber, Alex Phillips, commented: “We are delighted to welcome Matthew and the Tempura team into the Northamber group. Over the last 20 years it has established a very strong reputation for consistently delivering high-quality services and solutions greatly valued by customers.

“The board believes that there is significant opportunity for further suitable acquisitions in the sector, which should generate additional value for Northamber's shareholders in the medium term.”

Managing director of Tempura, Matthew Light, has agreed to continue with the business to assist initially with the integration of Tempura into the Northamber group and thereafter to drive growth in the Company's combined Unified Communications offering.

Light added: “By becoming part of the Northamber group, we will be able to reinforce and broaden our offering to existing and new customers, driving growth of both Tempura and the current Northamber business, together with continued gross margin improvement, aided through shared best practices and general economies of scale linked by a common ethos and goal focused around service.”

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