C5 Alliance Group Ltd has finalised its acquisition of Itex Holdings Ltd in Jersey, Guernsey and the Isle of Man for an undisclosed sum.
C5 has used retained profits to pay for the acquisition and says it will be ‘actively investing’ in the group.
Itex was previously owned by media group Claverley, which also owns the Jersey Evening Post and the Guernsey Press.
The newly-combined group brings together over 150 technology experts and the new owners say the deal will create opportunities for growth.
