Bournemouth telecommunication firm 4com have closed the first acquisition in their 23 year history, with their purchase of Midshire Telecom.
Southeast law firm Moore Barlow advised the company on the deal.
The purchase of Midlands-based firm, Midshire Telecom will now see 4com expand into new markets.
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The deal will see 4Com deliver new products and services, including managed IT services and Office WiFi solutions, to its customer base while introducing its business telephone networking to Midshire’s existing clients.
It has been announced that Midshire Telecom will retain its brand and operate as part of the 4Com Group of companies.
Roger Bailey, partner in the corporate team at Moore Barlow, said: “The acquisition is a perfect marriage, bringing an even more expansive offering under one roof that will add value for both company’s customers.
“Midshire Telecom will benefit immensely from the scale that 4Com’s nationwide network of customers offers and means more SMEs across the UK will get access to an impressive suite of IT services, from maintenance to security.”
4Com’s Chief Executive Officer, Gary Scutt, said: “Midshire Telecom has a well-earnt reputation in the industry.
“As our first ever acquisition, this is a huge milestone for us and it was incredibly important we got it right. It was essential to have a partner we knew we could trust. Moore Barlow supported us throughout the process and ensured we had everything necessary to make the transition as smooth as possible for both sides of the acquisition.”
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