Leading UK cloud communications provider Gamma are expanding into Europe as they announce the acquisition of Netherlands based DX Groep BV (“Dean One”).
Dean One, a growing telecoms group based in the Netherlands, has several synergies with Gamma in that they carry a similar portfolio in Cloud PBX services, SIP Trunking and connectivity. They also supply to the SME market largely through their network of approximately 500 channel partners. Dean One currently employs approximately 60 people and in the year ended 31 December 2017 revenue was c. €15.8 million and EBITDA was c. €0.8million.
“We are really pleased to announce the acquisition of Dean One. It is an ideal way for us to expand into a new geography, opening up another growth opportunity for us."
"We have known the Dean One team for a number of years and see the business as a very good fit. We are really looking forward to working alongside the Dean One team as we continue to grow Gamma, leveraging our experience and resources, to capitalise on the opportunities ahead.” Commented Andrew Taylor, Chief Executive of Gamma.
Commenting on the acquisition, Klaas Bottema, co-Chief Executive of Dean One added that:
“Gamma is the right home for Dean One, as we look to accelerate the success we have seen in the Netherlands."
"They have tremendous technical and market expertise, and a track record in building and managing the Channel. With their support, there is no doubt that we can grow more quickly and move into other markets which we don’t currently serve. We know Gamma very well and believe that this is a positive development for all involved.”
