TXP Acquires Metatech Solutions to Enhance Legacy IT Modernisation Capability
Deal News | May 29, 2025 | Aliter Capital
TXP, a portfolio company backed by Aliter Capital, has acquired Metatech Solutions Ltd., a software company specializing in automated Gen modernization and migration solutions, for an undisclosed amount. Metatech, based in Newcastle, will integrate into TXP's operations, enhancing its IT consulting, technology development, and resourcing services to a wide range of blue-chip clients. Known for its proprietary automation tools, Metatech has a strong presence in sectors such as public services, financial services, insurance, healthcare, and more, both in the UK and globally. The acquisition forms part of Aliter's strategy to expand in the growing ICT services market through strategic investments and acquisitions.
Sectors
- IT Consulting and Services
- Software Development
- Private Equity
Geography
- United Kingdom – Both TXP and Metatech Solutions are based in the UK, and the acquisition is part of Aliter Capital's investment strategy within the UK market.
Industry
- IT Consulting and Services – TXP, a company involved in the acquisition, provides IT consulting, development, and resourcing services across various sectors.
- Software Development – Metatech Solutions specializes in software automation tools for legacy system modernisation and migrations.
- Private Equity – Aliter Capital, a private equity firm, is backing the acquisition as part of its investment strategy in support services and ICT sectors.
Financials
- Undisclosed – The acquisition of Metatech Solutions by TXP was completed for an undisclosed sum.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TXP (Technology x People) | Acquiring Company | Company | A portfolio company of Aliter Capital that provides IT consulting, technology development, and people resourcing services. |
| Metatech Solutions Ltd. | Target Company | Company | A Newcastle-based software company specializing in automated legacy system modernization and migration tools. |
| Aliter Capital | Private Equity Firm | Company | The PE firm that backs TXP and facilitates the acquisition to expand its portfolio in ICT and support services. |
| Greig Brown | Partner at Aliter Capital | Person | Greig Brown comments on the strategic outlook and future collaborations with TXP. |