Sale of Hand-Held PCs to Timico

Transcend Corporate Finance has advised the shareholders of Hand Held PC’s Limited (“Hand Held”) on their sale to UK business internet service provider, Timico Limited.

Hand Held is one of O2’s top UK partners whose applications include the “hand-e-pix” photo management product and the “hand-e-forms” mobile data collection offering. The acquisition of Hand Held will allow Timico to extend its cloud-based hosting capability into the mobile space, and strengthens its position as a leading provider of Next Generation internet and communications services to the UK business community.

Darren Hilton, Hand Held’s managing director and a major shareholder, commented: “Transcend’s management of this project has been exceptional and the shareholders would like to thank Transcend for assisting them achieve this very successful outcome.”

Ian Aldridge, who led the transaction for Transcend, said: “The sale of Hand Held is a great example of how we can support shareholders of SME companies achieve their objectives in expanding their businesses and crystallising value.”