Private equity-backed Onecom completes 9 Group acquisition

Fri, 05 Mar 2021 | BUSINESS SALE

Telecoms and cloud services provider OneCom, which is backed by private equity firm LDC, has completed the acquisition of 9 Group. The takeover, which follows OneCom’s acquisition of its closest rival Olive Communications last month, will see 9 Group join the wider OneCom group.

The 9 Group includes 9 Retail, which brings with it over 5,000 fixed line and cloud customers, as well as the 9 Partners division, which will add 450 channel partners to OneCom’s customer base.

OneCom received £100 million in backing from LDC in July 2019, to enable the company to pursue a strategy of growth through acquisitions. The takeover of 9 Group represents its fourth acquisition since then, following deals for Glamorgan Telecom Group and Nice Network last year and Olive Communications in February.

Discussing the 9 Group acquisition, OneCom Chief Executive Martin Flick said: “This is a highly significant strategic acquisition for Onecom Group, strengthening our portfolio and further diversifying our revenue streams by adding a large non-mobile telephony provider and a fantastic channel partner community as a new route to market in one move.”

“Supporting and investing in channel partners is essential to our ambition as we go forward. We have a well-established footprint in enterprise and the mid-market and the acquisition will help us, through valued partners, drive sales of our exceptional products and services to businesses of all sizes, with a high degree of proximity to customer need that only a channel can deliver to SMBs at this scale.”

More:  Fashion retailer Quiz to place stores unit into administration

LDC Head of London Yann Souillard added: “Acquiring 9 Group will further expand Onecom’s offering and help it reach even more customers, underlining its position as one of the fastest-growing business telecoms providers in the UK.”

Read about how your business can attract private equity backing to pursue acquisitions.

Find businesses for sale here.

If you are looking for an exit, we can help!

Share this article

Latest Businesses for Sale

Mobile Data Solutions Provider
UK Wide, South East

Provides mobile data network solutions and services to businesses operating within a wide variety of sectors. Services include data SIMs with a fixed IP address, dynamic data SIMs, integration services, VoIP and virtual numbers. Serves over 790 activ…

Asking Price:
Offers Invited
Turnover:
£1,440,000


E-commerce Technology Platform Facilitating Drop Shipping Services
UK Wide

A highly reputable business operating for over four years and on an international basis. Provides comprehensive drop shipping services and helps clients across the world succeed in the e-commerce sector.

Asking Price:
Offers Invited
Turnover:
£4,200,000

RELOCATABLE


Robot Integrator & Automation Solutions Supplier
N/A, UK Wide

Offers a comprehensive range of robots, products and services to clients operating within the manufacturing industry throughout the UK and internationally. Products and services include six-axis, collaborative and preowned robots; robot systems, incl…

Asking Price:
Offers Invited
Turnover:
£3,100,000


View more businesses for sale

More:  Quantuma closes record-breaking eight deals in two weeks

More from: | Category: M&A News