Sigma Dynamics has purchased the Dynamics 365 Finance and Operations trade and assets of K3 Business Technologies out of administration, as it continues to expand its UK business.
The London-based UK Microsoft Dynamics reseller business, which is part of Sweden-headquartered Sigma, has purchased the £3.5m turnover business for £250,000, following its fall into administration as a result of COVID-19, in April.
Sigma Dynamics will take control of the projects, support and managed services outfit K3, including its 31 clients, which span the retail, fashion and manufacturing industries, as well as its 19 employees, adding to the company’s industry specialisms in wholesale distribution, field service engineering and construction.
Sigma Dynamics is a group of consultants which advise, deliver, develop and manage Microsoft Dynamics and office applications.
Colin Crow, managing director at Sigma Dynamics UK said: “We’re thrilled to have acquired the K3 business, as it fits directly into our existing business strategy.
“This addition to the UK business will give our customers greater value, both to their local business, and to their global business through our presence worldwide.
“Our first task is to address the current and immediate business needs of our new clients and help deliver their ongoing projects. We are also supporting all clients on planning, putting the necessary tools and processes in place to keep them operating during and beyond these testing times.
Crow said the firm’s plan was to “strip out the inefficiencies” of the business and make it profitable as it is incorporated into Sigma Dynamics UK.
Jonas Steffensson, head of Sigma Dynamics, added: “The UK has always been a hub for the European market, and with the acquisition of K3 we have a stronger position for our customers in UK and Europe.
“It will add significant and unique value to our business, and allow further collaboration between our expert business units across the group.”