Takeover broadens SaaS provider’s service offerings
EuroTech ME, a leading software solutions provider in the GCC region, has fully acquired its sister company, IO21, to broaden the scope of its solutions portfolio and propel expansion in the UAE and Saudi markets.
With EuroTech ME excelling in IT services, AV, and security solutions, IO21 specialises in innovative software and technological services.
Under the takeover terms, EuroTech ME will retain 70% of IO21’s Dubai-based skilled staff, who will integrate into EuroTech ME’s business development, technical and marketing departments.
Michael Andersen, Founder & CEO of EuroTech ME, said: “We are incredibly proud to announce this acquisition as it marks a significant milestone for us and underlines our dedication to the [GCC] region.
‘Sharing expertise’
“Integrating IO21’s expertise into the EuroTech ME portfolio broadens our service offerings and strengthens our position as a leading provider of innovative technology solutions. It is a testament to our commitment to investing in high-quality tools and services,” Andersen added.
Hailey Yoon, former Co-Founder and CTO of IO21 stated: “I am thrilled about our acquisition by EuroTech ME. This marks a new era of growth and endless possibilities for IO21’s innovative software solutions across the entire technology spectrum.”
EuroTech ME recently strengthened its leadership team because of ambitious growth plans in 2024 in the UAE and Saudi markets. The company is bolstering this growth trajectory by promoting promising young talent from within the organisation to take on new roles in engineering, marketing, and sales operations.
Established in 2009 by Michael Andersen and headquartered in Dubai, UAE, EuroTech ME supports SMEs and large corporate houses in the UAE. The company expanded to Saudi Arabia in 2022 by opening an office in Riyadh.
EuroTech ME’s SaaS offerings encompass server and network installation and support, internet security services, email setup & security, secure off-site data backup, infrastructure and cabling services, CCTV setup, Wi-Fi technologies, high-end infrastructure services, and turn-key solutions for new offices.
