UK - CGC buys Pragma and Real Time in £27.8m deal

Aberdeen-based Pragma provides IT operational support and disaster recovery services for infrastructure and oil and gas specialist software applications.

Real Time specialises in the provision of IT consultancy, professional services and solutions to the oil and gas, aviation telecommunications, utilities and public sectors. Headquartered near Glasgow, the company operates from offices in Edinburgh, London, Houston and Aberdeen.

The deal will see the companies renamed as The Amor Group, which now becomes the largest independent IT company in Scotland with revenues of £32m and 330 staff based in Glasgow, Aberdeen, Edinburgh, London and Houston. Clients include Exxon, BAA, Total, BP, Nexen and Talisman.

Over the next three years, CGC plans to increase Amor's turnover to £50m by expanding its services and attracting new clients. The investors also plan to expand Amor's workforce by 50 by the end of this year.

Under the deal, Pragma and Real Time will retain their existing management teams, with John Innes, former COO of Sword Business Technology Solutions UK, as the new CEO of Amor Group.

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