Portfolio Update

RNS Number : 2083J

Dunedin Enterprise Inv Trust PLC

03 December 2018

 

Dunedin Enterprise invests in Incremental Group

3 December 2018

Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise") has invested £3.0 million in Incremental Group ("Incremental") through the Dunedin Buyout Fund III. Dunedin Enterprise will have an interest of 8.3% in Incremental.

Incremental is a Glasgow-headquartered, market leading IT services business.  It was formed following the acquisitions of First eBusiness Solutions in December 2016 and GAP Consulting in June 2018. The business helps its clients to design, implement and manage their IT infrastructure needs which include ERP, CRM, cyber security and digital applications.

With a headcount of 125, Incremental has five main delivery sites in Glasgow, London, Manchester, Inverurie and Northwich.  Clients include BP, Total, Aggreko and the Scottish Government. 

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