Park Place Technologies buys NCE Group in its biggest acquisition yet
Tue 8 Aug 2017
Park Place Technologies has bought NCE Group Limited, a global provider of third-party data centre maintenance and repairs, in its largest ever acquisition.
The purchase will see 280 members of staff join Park Place Technologies, which supports 7500 organisations in 95 countries with storage, server and networking hardware maintenance.
The acquisition will increase the company’s presence worldwide and give it a greater footprint in Europe. The financial terms of the deal were not disclosed.
Chairman and CEO of Park Place, Ed Kenty, said: ‘With design and delivery at the core of NCE’s identity, we are excited to leverage their unique experience and exemplary leadership as we further expand our capabilities and service and support functions for our customers.’
Based in Wiltshire and founded in 1981, NCE is a well-known name in third-party maintenance and post-warranty enterprise hardware and serves IT companies from small operations to Fortune 100 businesses.
Former CEO of NCE, and now VP of depot operations at Park Place, Andrew Genever, said: ‘Over the years, NCE has helped thousands of companies with their IT needs. This acquisition will further enhance how we work with our channel partners, solidifying our ability to meet the ever-changing IT needs of our customers.’
The acquisition is the largest of a number of buyouts carried out by Park Place and its sixth this year, as it attempts to push a global strategy.
Park Place’s president and chief operating officer Chris Adams, said: ‘We are expanding our footprint into additional European markets and adding talent to the deepest bench in the industry to support our growing customer base and enrich the customer experience.’
In November 2016, the company opened a branch in Singapore, as well as more recently acquiring Prestige Data Centre Solutions and Allen Myland Inc., based in the UK and the U.S. respectively.