Argon acquired by Apogee Corporation

Deal will enable development of Manx based team

Services provider Argon Business Systems Limited has been acquired by Apogee Corporation Limited.

The company was founded in 1983 and predominantly provides IT-based services including managed print services and other professional services capabilities.

Aurelio Maruggi, the chief executive of Apogee, said: "This acquisition helps strengthen Apogee’s position as a leader in managed workplace services, both in the UK and, as we continue to drive growth, in Continental Europe.

"Argon’s reputation will enhance Apogee’s coverage and capabilities to support its customers with managed IT services, while forming part of our ongoing growth strategy, as we aim to create the perfect combination of secure and flexible solutions for our customers’ workforce."

Argon’s chief executive Iain Fairbairn said: "This deal will enable the ongoing growth and development of the Argon team on the Island, expanding our range of managed IT services into the Apogee customer base across the UK and Ireland.

"It enhances the strength of the business for the future, and is recognition of the excellent service provided by the Argon team.

"Working with Apogee we will be able to extend the solutions delivered and the value we can offer to our wide-ranging customer base.

"I believe Apogee’s investment recognises the strength of our economy, the many sectors represented, and the opportunities which exist on the Island."