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Daisy Group completes £184m acquisition of Alternative Networks
Telecoms provider continues aggressive growth drive, following last year’s purchases of Damovo UK and Phoenix IT
Daisy Group has completed its £184 million acquisition of B2B communications provider Alternative Networks.
The purchase comes off the back of the Group’s purchases of Damovo UK and Phoenix IT as Daisy continue to build its managed services department.
It claimed Alternative represents a strong and complementary fit with its existing operations, increasing the scale of the group as well as offering cross-selling opportunities.
‘Successful acquisition strategy’
Daisy Group CEO Neil Muller said: “Alternative Networks is one of the largest independence providers of IT managed services.
“This announcement builds upon our successful acquisition strategy, to enable our customer to take advantage of digital technology.”
Alternative Networks Executive Chairman James Murray added: “The combination with Daisy will ensure that the company is best placed to capitalise on future growth.”