Canto is an Altrincham based company providing Technical services to 23 SME customers committed on 3 to 5 year maintenance contracts, other accounts are serviced on a Time and Material based arrangement. The acquisition represents a good fit to the existing NIS Technical services business with opportunities to increase customer benefits by cross selling value add services whilst taking advantage of efficiency gains. This is an important step in our development therefore, as you can imagine we are very excited by the opportunity to deliver the potential we believe Canto offers.

During the short-term Canto will continue to trade as a separate business with a view to possibly migrating to NIS at a later date. The transaction has been completed on very favourable cash-flow terms leaving NIS strongly positioned to pursue further controlled growth.