Comms Group (ASX:CCG) has acquired Switched On Australia
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.
Oaklins’ team in Australia acted as corporate and M&A advisor to the buyer in this transaction.
CEO and Managing Director, Comms Group
Talk to the deal team
Managing DirectorMelbourne, Australia
Telcom Group DAC 1999 has been acquired by Radius Payments Solutions
The founder of Telcom Group DAC 1999 has sold the company to Radius Payments Solutions.Learn more
Vcomm has been acquired by Koesio
The private shareholders of Vcomm have sold the company to Koesio.Learn more
GCSEPod (Soundbite Learning) has been acquired by Access Group
The owners of GCSEPod (Soundbite Learning), a market-leading digital learning and assessment platform, have sold the company to Access Group.Learn more