Top 30 advisory firm, Bishop Fleming has concluded another cross-border acquisition, as two international businesses join forces to help grow their global delivery network.
Software consulting firm, Bits In Glass, who provide digital transformation to businesses has acquired Crochet Technologies, a UK and India based consultancy focussing on process automation.
Bishop Fleming’s Corporate Finance Team led the UK transaction for Canadian headquartered Bits In Glass, enabling the company to continue its expansion to grow and broaden its technology expertise. The acquisition creates a truly international group with Worldwide capability.
Crochet Technologies was founded in 2017 by a team of software experts who established the need for a lean technology-driven approach to end-to-end business process management solutions and services. The business has become a Bits In Glass company.
The transaction will widen the offering to existing customers and support a global delivery network which will refine project economics and provide more flexible resourcing.
Charles Davey, Partner at Bishop Fleming, said: “It has been a pleasure working with Bits In Glass, supporting another international business acquiring here in the UK. We are seeing an increase in appetite for UK businesses from the international market providing much greater choice for UK business owners when they come to exit”.
David Hauser, Founder and Partner at Bits In Glass, said: “We are extremely excited to join forces with Crochet Technologies as we finally enter the UK market. Furthermore, we have been very pleased with the guidance and client service that Charles Davey and the team at Bishop Fleming provided along the way”.
Bishop Fleming was crowned as ‘Business of the Year’ at the British Chamber Awards in 2019 and is currently ranked in the Top 30 in the Accountancy Age league table.
