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Braveheart, a Perth-based technology investment group, has acquired Yorkshire-based rival Inkopo for up to £1.3 million.  

Inkopo offers a range of finance and consultancy services for technology investments and was formed after a management buy-out in 2002 led by CEO Andrew Burton. In the year to March 2009, the company broke even, reporting a turnover of £451,000.

Geoffrey Thomson, chief executive of Braveheart, said: "Inkopo complements our existing business and we now have operating bases in Perth, London and Yorkshire. Our plans are to grow Inkopo by making additional operational and financial resources available to the incumbent management and we look forward to working closely with the team."

In the year ending March 2008, Braveheart reported an increase in revenues of 22 per cent to £659,000, with pre-tax profits of £106,000.

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