Comms Group (ASX:CCG) has acquired Binary Networks
Comms Group (ASX:CCG), a cloud communications, data and value-added services provider, has acquired Binary Networks.
Comms Group is a leading business telecommunications service provider with a broad product suite, servicing SMEs and corporate mid-market customers. The company delivers on its three key strategic growth pillars of international (16 points of presence globally covering more than 100 countries), domestic (through the CommsChoice and Next Telecom brands) and wholesale and partner services.
Binary Networks is a Melbourne-based, B2B communication service provider that focuses on leveraging technological advances in communication to deliver more agile, innovative and cost-effective solutions to business. Products and services include hosted PBX, SIP Trunks, VoIP systems and handsets, ADSL2+, fiber, EFM, PSTN, NBN, hosting and all networking equipment.
Oaklins’ team in Australia acted as advisor to the buyer in this transaction.
Talk to the deal team
Managing DirectorMelbourne, Australia
Associate DirectorSydney, Australia
Datrix Limited has been acquired by AdEPT Technology Group
Datrix Limited, a well-established supplier of cloud-based networking, communications and cyber security solutions, has been sold to AdEPT Technology Group plc (AdEPT).Learn more
RGI acquires 100% of the shares in Flexperto GmbH
The shareholders and founders of Flexperto GmbH have sold the company to RGI S.p.A. The founders remain as managing directors and have already reinvested in the parent company. Whereas Flexperto’s sales activities were solely focused on the German-speaking financial services market, with the sale to RGI, both companies seek to expand these activities to other markets and industries.Learn more
OFFIX Holding and Office World Holding bundled their activities into the newly formed JV Office World Group
OFFIX Holding AG and Office World Holding AG have bundled their businesses into the newly founded Office World Group AG. Office World Holding brings its subsidiaries Office World, iba and Tramondi, and OFFIX brings its companies Papedis, Ecomedia, Oridis, Office Leader and DocuServ into the new Office World Group AG. The merger creates a Swiss group that will be represented throughout the country, generating sales of approximately US$400 million with just under 600 employees.Learn more