PFH acquires Redstone in €2.5 million deal

PFH Technology Group has paid €2.5 million to acquire IT solutions provider Redstone Technology from its British parent company, Redstone plc.

6th November, 2010

PFH Technology Group has paid €2.5 million to acquire IT solutions provider Redstone Technology from its British parent company, Redstone plc.

The deal follows PFH’s acquisition of Siemens Enterprise Communications earlier this year, and will bring its annual revenue to €55 million.

Redstone Technology specialises in high-end enterprise storage and server solutions for public and private sector clients.

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