Fri, 05 Mar 2021 | BUSINESS SALE
Telecoms and cloud services provider OneCom, which is backed by private equity firm LDC, has completed the acquisition of 9 Group. The takeover, which follows OneCom’s acquisition of its closest rival Olive Communications last month, will see 9 Group join the wider OneCom group.
The 9 Group includes 9 Retail, which brings with it over 5,000 fixed line and cloud customers, as well as the 9 Partners division, which will add 450 channel partners to OneCom’s customer base.
OneCom received £100 million in backing from LDC in July 2019, to enable the company to pursue a strategy of growth through acquisitions. The takeover of 9 Group represents its fourth acquisition since then, following deals for Glamorgan Telecom Group and Nice Network last year and Olive Communications in February.
Discussing the 9 Group acquisition, OneCom Chief Executive Martin Flick said: "This is a highly significant strategic acquisition for Onecom Group, strengthening our portfolio and further diversifying our revenue streams by adding a large non-mobile telephony provider and a fantastic channel partner community as a new route to market in one move.”
"Supporting and investing in channel partners is essential to our ambition as we go forward. We have a well-established footprint in enterprise and the mid-market and the acquisition will help us, through valued partners, drive sales of our exceptional products and services to businesses of all sizes, with a high degree of proximity to customer need that only a channel can deliver to SMBs at this scale."
LDC Head of London Yann Souillard added: “Acquiring 9 Group will further expand Onecom’s offering and help it reach even more customers, underlining its position as one of the fastest-growing business telecoms providers in the UK.”
Read about how your business can attract private equity backing to pursue acquisitions.
Find businesses for sale here.
If you are looking for an exit, we can help!
This well-established software development business, operating since 1999, is renowned for delivering custom solutions, including bespoke CRM systems and mobile apps, to a diverse clientele across sectors such as healthcare, retail, and public servic...
This business is a leader in delivering tailored technology services that optimise productivity for diverse sectors, including retail, healthcare, and entertainment, with a strong presence across the UK, Europe, and the USA. With long-standing relati...
This rapidly growing wellness technology business, based in the West Midlands but operating nationwide, specialises in alternative therapy equipment for the burgeoning health, recovery, and longevity sectors.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.