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News - Paul Lipscombe
October 8, 2021
The move adds an additional 700 customers to the Onecom Group
Onecom has completed its third acquisition of the year, after confirming the acquisition of IP Office Ltd.
The acquisition of the Exeter-based telecommunications service provider will bring an additional 700 customers to the Onecom Group.
It follows the takeover of Olive Communications and 9 Group earlier this year and further strengthens Onecom’s geographical footprint in the UK.
The acquisition of Olive Communications enabled Onecom to create the UK’s largest B2B mobile, connectivity and cloud specialist in the UK, the firm claims.
Onecom has been able to acquire these companies after significant backing from private equity firm LDC, which invested £100m into the company back in July 2019.
Commenting on the deal, Onecom Group CEO Martin Flick said: “As we continue to grow, supported by LDC, we are delighted to welcome the IP Office team and customers to Onecom in a move that further supports our mission to build on and extend our geographic presence by acquiring strong businesses that share our culture, values and ethos.
“IP Office has demonstrable strength in the health sector which is an excellent complement to our already existing specialisms that bring proximity to specific customer need in distinct markets.”
