Go to deals
TMT

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.

Service
M&A buy-side
Parties
“We are excited to welcome Switched On to the Comms Group business. The acquisition brings a strong SME customer base along with additional sales capabilities in our Melbourne office. We also welcome the founder of Switched on, Leigh Schwarm to the Group.”

Peter McGrath

CEO and Managing Director, Comms Group

Talk to the deal team

 Scott  McInnes

Scott McInnes

Managing Director

Melbourne, Australia
Oaklins Henslow
 Josh  King

Josh King

Associate

Melbourne, Australia
Oaklins Henslow

Related deals

Garz & Fricke Group has been acquired by SECO S.p.A
Private Equity | TMT

Garz & Fricke Group has been acquired by SECO S.p.A

SECO S.p.A., a reference player in the field of technological innovation, Internet of Things and Artificial Intelligence solutions, listed on the STAR segment of Italian Stock Exchange (Ticker: IOT:MI), has entered into an agreement to acquire the 100% of the shares of Garz&Fricke Holding GmbH (G&F), a Hamburg-based producer and developer of hardware and software solutions for industrial IoT, from the financial investor Afinum Management GmbH and other minority shareholders.

Learn more
Cerion Solutions has been acquired by Netum Group
TMT

Cerion Solutions has been acquired by Netum Group

Cerion Oy has sold Cerion Solutions Oy to the publicly listed company Netum Group Oyj.

Learn more
Sale of Sentenial Group and its open banking brand Nuapay
Financial Services | TMT

Sale of Sentenial Group and its open banking brand Nuapay

The shareholders of Sentenial Group have sold the business and its open banking brand Nuapay, a leading end-to-end payments platform specialized in account-2-account transactions, to EML Payments.

Learn more