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
Vabi Holding B.V. has been acquired by Vitec Software Group AB
Vabi Holding B.V., the Dutch market leader in building simulation, energy certification and energy advisory software, has been acquired by Vitec Software Group AB. By joining forces, Vabi and Vitec will be able to further expand on the company’s strategy and vision towards the sustainable green building revolution.Learn more
Syslore Oy has been acquired by private equity-backed Escher Group
The shareholders of Syslore Oy have sold the company to Escher Group Holdings plc, a portfolio company of Hanover Investors Management LLP.Learn more
Ferocia has been acquired by Bendigo and Adelaide Bank (ASX:BEN)
Bendigo and Adelaide Bank (BEN) has entered into a share sale agreement to acquire 100% of the shares of Ferocia Pty Ltd for a consideration of up to US$86.3 million. BEN has partnered with Ferocia for more than nine years to deliver BEN’s e-banking app and internet banking platform and in 2018, the collaboration led to the launch of Up – Australia’s highest rating banking app.Learn more