Comms Group (ASX:CCG) has acquired Switched On Australia
August 2021 — The acquisition of Switched On further strengthens the Comms Group’s position in the Melbourne market and adds over 900 SME customers and two additional sales staff to the team, which will drive organic growth and increase cross-selling opportunities. The acquisition is both EBITDA and EPS accretive and will add nearly US$3 million in annual revenue and approximately US$1 million in annual EBTIDA.
Comms Group is a leading business telecommunications provider with a broad product suite servicing SME and corporate mid-market firms, as well as wholesale and partner customers.
Founded by Leigh Schwarm, Switched On is a Melbourne-based, SME-focused telco company. It provides a range of services which include voice and data solutions, business phone systems, phone system maintenance and general managed IT and support.
Our role in the transaction
Oaklins’ team in Australia acted as corporate and M&A advisor to the buyer in this transaction.
Peter McGrath
CEO and Managing Director, Comms Group
Talk to the deal team
Related deals
DIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn moreLandmark US$85 million employee secondary share transaction for Wayve
Crowdcube, Europe’s largest equity crowdfunding and private market investment platform, has completed a US$85 million employee share sale for Wayve, the first employee liquidity transaction on the LSE’s Private Securities Market and the largest to date under the FCA’s PISCES framework. The deal is a milestone for UK capital markets, demonstrating how new market structures can unlock liquidity for employees and early shareholders in high-growth private companies.
Learn moreDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Learn more