Is 2020 a year of consolidation for the channel?
Towards the end of last year, Arkphire acquired Trilogy Technologies in a deal which was described as “the first major move of significant scale towards industry consolidation in the Irish ICT managed services sector,” by Arkphire’s CEO Pascal Naylor. While many were still digesting the news and considering its implications, it was announced early in 2020 that Calligo had acquired Dublin-based MSP DC Networks.
Having two acquisitions so close together was bound to lead some people to ask whether this presaged the start of renewed enthusiasm for mergers and acquisitions. It’s interesting to note that, according to analysis by Refinitiv, Irish involvement in technology M&A deals in 2019 was up 16% on 2018 by value to nearly $5.8 billion, although the number of deals was down 22% to 68.