Firstcom Europe continues its expansion in the UK
10 October, 2022
Today Firstcom Europe, the leading Pan European telecoms company based in Bolton, announced the acquisition of Calteq Ltd, located in Hertfordshire and Suffolk. The deal adds an extra £6.2m of turnover and £1.2m of EBITDA to the Firstcom group and expands both its UK geographical reach and range of products. Recurring revenues at Calteq are very strong at 80% of the total.
Christian Bleakley, CEO of Firstcom Europe, said that he was impressed by the low customer churn and professionalism of the Calteq team, almost all of whom will be joining Firstcom Europe. “I am looking forward to working with Calteq who have been successfully trading for 19 years and have built up a great reputation and a loyal customer base with strong revenues. Their expertise in offering multi-site and bespoke solutions will complement our unified communications products and enhance our ability to grow the business organically.”
“One of the reasons we were keen to join with Firstcom is the opportunities it provides my colleagues to progress,” said Mike Stephenson, founder and director of Calteq. “With Firstcom Europe’s product set, our customers will be able to transition seamlessly to cloud based solutions, meaning both my colleagues and our customers will benefit. I am looking forward to working with the team as the enlarged business delivers on its ambitious growth targets”.
Since first investing in Firstcom Europe in 2018 Oakfield have worked closely with management in executing the growth strategy of the business. Roy Merritt, Founder of Oakfield said “Calteq are a strong team with a great reputation, the acquisition is a natural fit and will increase the depth and breadth of Firstcom’s UK footprint. The company continues to deliver on its plan and there is a huge market opportunity for them to target in the transition to hosted unified communications services.”
For further details call Tony Robinson 0333 023 7060 or email tony.robinson@firstcomeurope.com
Our website is: www.firstcomeurope.co.uk
About Firstcom Europe
Firstcom Europe provides easy-to-use telecommunications solutions to companies via the ongoing development of cloud products to enhance business productivity. It operates in four countries throughout Europe; UK, Germany, Sweden and Denmark and is a specialist in unified communications.
About Oakfield
Oakfield Capital is a private equity firm that makes control investments in small and medium-sized businesses managed from the UK with significant growth potential. We partner with management teams to make a transformational impact on strategy and/or operations to grow successful businesses and deliver significant capital gains.
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