Onecom has completed its second huge acquisition in less than a month with the takeover of 9 Group.
The deal adds thousands of fixed-line and cloud clients to Onecom’s customer base, as well as hundreds of channel partners.
Onecom had announced the acquisition of Olive just last month.
Martin Flick, Onecom CEO, said: “Onecom founder Darren Ridge has been instrumental in working with James to forge the opportunity our enlarged group now represents, and I am hugely excited to be leading the team in growing and developing the strategy to the benefit of our mutual customers and channel partners alike.
“For the Onecom team to have made two such important acquisitions in such a short space of time, and during the pandemic, is testament to the strength of our team and our ability to drive growth and consolidation in this competitive market, with strong support from our investment partners LDC”
“Both our direct and indirect sales teams now have the combined benefit of huge management experience, access to an unrivalled portfolio of complementary products and services, and market-leading billing, online management and support capabilities.”
The acquisition follows a £100m investment made in Onecom by private equity firm LDC in 2019.
Onecom said the deal creates “a powerhouse group” with the 50/50 split of mobile and non-mobile products.
James Palmer, CEO of 9 Group, said: “Onecom and 9 Group are a perfect marriage, sharing a like-minded culture focused on enjoying our work and striving for excellence in everything we do.
