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The Reading corporate team at Broadfield has advised the shareholders of UTP Group Limited (“UTP”) on its sale to payment tech company myPOS.

Established in 2013 and based in Reading, UTP provides a comprehensive suite of payment services, including portable and countertop card machines, Tap-to-Pay and ecommerce solutions, and flexible funding options to more than 52,000 clients across the UK.

With over a decade of experience and backed by leading global private equity investor Advent, myPOS provides innovative and scalable payment solutions for SMEs. Its acquisition of UTP and strong direct sales force and established client base will drive further expansion in the UK market.

The Broadfield team was led by Partner Philip Weaver and Senior Associate Michelle Gorman.

Philip said: