McGuffie Brunton bought out by K3
Paul Murray retires from the business he founded after 26 years
McGuffie Brunton, the enterprise resource planning (ERP) company, has been acquired by K3 forming one of the biggest players in the field.
The deal, for an undisclosed figure, is an exit for McGuffie’s founder, Paul Murray, who has ran the business for 26 years.
He is succeeded as managing director by Howard Joseph, currently the sales director, who said: “There is no doubt our business is a natural fit for K3. Our products complement each other and there are high levels of synergy between two of the UK’s most successful ERP suppliers.
The company produced revenues of £6.3m last year, meanwhile its listed buyer has sales worth £30m.
K3 bought the Information Engineering Group (IEG) in 2005 gaining a strong presence in the ERP mid market and this latest acquisition makes K3 one of the largest vendors in the sector.
Andy Makeham, chief executive officer of K3, said: “I think one of the surprising things about the UK ERP marketplace in recent years is why McGuffie Brunton and Information Engineering Group haven’t ‘come together’ sooner.
“It seems such an obvious development, and one that would undoubtedly benefit both companies. “I am delighted to say that this has now happened, and I am also delighted that K3 are the catalyst.”
K3 Manufacturing now comprises of McGuffie, IEG and Kewill, has sales of £15m, and 1,000 customers in over 30 countries.
As of April 2, 2007, McGuffie will trade as K3 McGuffie Brunton.
© Crimson Business Ltd. 2007