Procurri greenlights $156.8m deal for maintenance business
Global IT company Park Place Technologies eyes Procurri’s third party maintenance business.
Data center maintenance company Proccurri has received a proposal by IT Solutions company, Park Place Technologies in early November to acquire its third party maintenance (TPM) business for $115m. The company has recently announced that it has accepted the non-binding deal put forth by Park Place technologies.
Park Place will pay the purchase sum for the TPM Business on a debt free and cash free basis.
The entry by Park Place into a definitive agreement will also be subject to formal approvals from its board of managers and equity fund majority owners.