Hardy Advises on Proact IT Group AB Deal and Expands its Presence in China

19th March 2013

Hardy Transaction Management Ltd (HTML) is delighted to announce the recent transaction completed for Proact IT Group AB and the expansion of HTML's presence in China.

Proact IT Group AB (Stockholm Listed) Sheffield-based Lead Advisor, Hardy Transaction Management Ltd, has advised Proact IT Group AB on the sale of its majority shareholding in UK subsidiary Exquip Network Services Ltd, to Systems Maintenance Services, Inc of Charlotte, North Carolina, USA. Proact IT Group is Europe's leading independent storage integrator and cloud services enabler. In May 2011, Hardy advised on the sale of B2Net Ltd to Proact IT Group. Systems Maintenance Services, Inc is a global leader of enterprise IT asset maintenance and lifecycle services. Lead Advisor to the majority Seller Hardy Transaction Management Ltd, Sheffield Legal Advice Wake Smith LLP, Sheffield Hardy Expands Chinese Presence  On the strength of the growing Chinese interest in HTML's cross-border activities, including the current mandate to sell a world-leading Chinese manufacturer based in the Shandong province of China, HTML has further expanded its Chinese presence with the appointment of a permanent manager based in Beijing. Please feel free to contact Paul Hardy, Miles Stanyard or Natalie Fisher