Communicate Better makes second acquisition in a month
Warrington-based Communicate Better has further expanded its business by the acquisition of Northampton-based Telemaxx, for an undisclosed sum.
The converged technology provider is set to expand its geographical coverage across the UK, and the signing of Telemaxx marks the company’s second acquisition in a month.
On July 20 the firm announced the acquisition of South Wales-based VCUK and VCUK Services, who both trade as Vision Communications, for an undisclosed sum.
Telemaxx will become part of the Communicate Better Group.
Wayne Cartwright, Communicate Better chief executive, said: “We are delighted with this deal as it gives us many opportunities to cross-sell our other products and services into the Telemaxxbase which has predominately been a provider of fixed line and hosted services. There are many synergies which should make the integration of the business straight forward.
“It has been a busy few weeks after we bought Vision Communications, but the enhanced group means that we have doubled the size of our customer base, which is fantastic.
“We have targeted ourselves to break the £10m turnover barrier this financial year and are well on our way.
“With one or two more targets in mind, our business hasn’t stopped with this deal. Watch this space for more exciting news soon.”
Communicate Better were advised by Keith Kennedy of Pearson Legal and Ian Johnson of Cowgill Holloway LLP.
Sam Davies, corporate finance director, who led the Cowgill Holloway Corporate Finance advisory team, said: “We are glad to be part of the Communicate Better success story and once again are pleased that this latest acquisition will enhance the group’s position of becoming one of the UK’s leading business technology suppliers.
“This acquisition of Telemaxx will be an excellent addition to further broaden Communicate Better’s geographic reach.”
Keith Kennedy, corporate partner at Pearson Legal, added: “We are delighted to have helped Communicate Better with its latest acquisition and look forward to continuing to help the group build on its success of the last few years.”
