Hamilton Rentals, a specialist in demo equipment and short-term rents of hardware, has been acquired by US outfit Xchange Technology Group.
Hamilton, which is an Oracle and Microsoft gold partner has been acquired in an all-share purchase to provide a UK arm for Xchange which has been running a similar rental and demo kit operation across North America.
In the short-term the deal will provide both companies with access to a greater number of cross-selling opportunities but in the longer-term the tir-up will be used as a springboard for further expansion across EMEA.
Jeff McFarlane, president and CEO of Xchange Technology Group, said that it could now offer global reach and it added to its expertise in the Unix server market.
"Prior to the acquisition, XTG through its operating units, has led the North American market in demo and short-term rental solutions. The addition of Hamilton Rentals instantly positions XTG as the only short-term IT rental company with global reach," he said.
In response the same emphasis on the global opportunities was made by John Unsworth, chairman of Hamilton Rentals, who said the tie-up would be good for staff and customers.
"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," he said.
In its last set of financial results, for the year ended 31 December 2009, Hamilton made a £2.5m profit on a £29m turnover.