UK IT rentals specialist Hamilton Rentals has undergone another ownership change after being snapped up by a North America-based rival.
Canada-based IT asset and technology lifecycle management firm Xchange Technology Group announced this week that it has bought Hamilton in an all-share transaction.
Xchange said the move would position it as the only short-term IT rental company with global reach and bolster its position in the Unix market.
The acquisition comes two-and-a-half years after Hamilton performed a management buy-out from integrator 2e2, which inherited the brand through its 2007 acquisition of VAR Compel.
Xchange Technology Group chief executive Jeff McFarlane said: “The addition of Hamilton Rentals will significantly enhance XTG's value proposition to our partners – both customers and vendors. Our ability to provide solutions at a global level is greatly enhanced."
Hamilton Rentals chairman John Unsworth added: “This is excellent news for both companies' staff, customers and trading partners. The combination of expertise, market coverage and scale will produce unparalleled global capabilities in short-term technology solutions.
“There is an excellent cultural fit between the two organisations at all levels, and I firmly believe that we are very well positioned for significant growth."
Highlander MD Steve Brown tells CRN about the skills he learned on the pitch and brought to the boardroom
Reports suggest Dell is pursuing a straightforward IPO, contradicting existing plans to buy out tracking stock holders
Analysts predict upturn in PC market next year, but 2018 to remain plagued by components shortages
Neil Sawyer claims he has 'never seen so many conversations about a new method of investing in workplace technology'