The Basingstoke-based computer and peripherals distributor Micro Peripherals Ltd has been acquired by the Sharptext Group of Dublin for an undisclosed sum. Micro P had an annual turnover of UKP27m in its last financial year and will continue be a supplier for companies such as Amstrad, Canon, Panasonic, Philips and Juki. Sharptext, however, plans to ramp up the company’s distribution of laser printers to establish a market leadership. The two founding directors of Micro P are resigning but the rest of the management team remains intact. The venture capital group Development Capital Corp has increased its stake in the privately-owned Sharptext Group from to 49% from 20% by subscribing for shares to provide it with UKP4.7m both to fund the acquisition of Micro P and its further development.
