Daisy bolts-on mobile distributor MoCo

LISTED North West telecoms provider Daisy Group has bolted-on a mobile distribution business with the acquisition of MoCo Communications.

Based in Rochester, Kent, MoCo works primarily in partnership with O2, and has around 30 staff. The business shares synergies with Daisy’s mobile distribution business Daisy Distribution and will be integrated and report into this division under the leadership of managing director Dave McGinn.

Established in 1985, MoCo has been operating as an independent distributor and reseller of business mobile and telecommunications for the past 27 years.

As well as business mobile services, MoCo also offers a range of fixed line and data products to partners and end-user customers.

Financial terms were not disclosed. The deal is Nelson-based Daisy’s third in the mobile distribution sector and follows the acquisition of Anglia Telecom Centres in 2009 and Fone Logistics in 2010,

Dave McGinn, MD of Daisy Distribution said: “This acquisition shares obvious synergies with Daisy Distribution and provides the opportunity for us to drive further success and growth following our previous purchases.
 
“MoCo has an excellent reputation for delivering high value, high quality business and we feel this complements our current business model. It is our intention to grow the MoCo base and allow it to benefit from the systems and infrastructure investment that underpins Daisy Distribution’s partner engagement.”