Berwyn-based Diagonal Consulting acquired

Posted: February 19, 2013

Following the recent collapse of its debt-burdened parent company, Diagonal Consulting has been acquired by G3 Global in a cash transaction for an undisclosed amount. Berwyn-based Diagonal is a systems-integration firm that helps large businesses implement SAP software. Diagonal president Steve Woodgate said the deal came together in about two weeks after 2e2, a large U.K. information-technology services firm, fell into administration - the equivalent of a Chapter 11 filing in the United States - in late January. Diagonal was acquired by Morse P.L.C. for about $77 million in 2004. Morse was bought by 2e2 in 2010. Woodgate said G3 has pledged to grow Diagonal, which has a staff of 15.    - Mike Armstrong

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