Comms Group (ASX:CCG) has acquired Next Telecom
Comms Group (ASX:CCG) has acquired Next Telecom.
Comms Group is a leading business telecommunications service provider with a broad product suite, servicing SMEs and corporate mid-market customers and wholesale and partner customers. The company is well positioned to take advantage of strong growth in the corporate ICT market. Post acquisition, Comms Group will have revenues of circa US$25 million and annualized pro-forma EBITDA of over US$3 million, including synergies.
Established in 2008, Next Telecom is a telecommunications service provider servicing the medium-sized corporate business markets in Australia. The company offers national broadband network (NBN) products, corporate fiber, cloud IP telephony and managed IT services.
Oaklins’ team in Australia acted as advisor to the buyer in this transaction.
Talk to the deal team
Managing DirectorMelbourne, Australia
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
Zoofy has raised growth capital for its expansion into Germany
Zoofy, an Amsterdam-based platform connecting professional handymen with consumers and businesses, has raised growth capital from a private investor for its expansion into Germany. The company expects to launch its German platform in the second quarter of this year.Learn more
Nubalia Cloud Computing has been acquired by Devoteam
The shareholders of Nubalia Cloud Computing S.L. have sold the company to Devoteam. With this transaction, Devoteam consolidates its position in Spain and supports Nubalia in the execution of an ambitious business plan.Learn more