Daisy Group buys Alternative Networks plc
Daisy Group is buying managed services and business-to-business communications supplier Alternative Networks as a complementary fit with its existing business . This acquisition builds upon the Group’s recent acquisitions of Damovo UK and Phoenix IT in the managed services sector and will further strengthen its mobile and fixed line product and service offerings, it says. It values Alternative Networks plc at £184m.
Daisy Group CEO Neil Muller (above) said: “This announcement builds upon our successful acquisition strategy, to enable our customers to take advantage of digital technology in a converging world of business communications and IT. In addition, the acquisition will further increase the Group’s scale, providing efficiencies for the combined businesses as well as improved cross-selling opportunities.”
“Alternative Networks is one of the largest independent providers of IT managed services and business-to-business communications in the UK and represents a strong and complementary strategic fit with our existing business and operations.”
Alternative Networks plc Executive Chairman James Murray said: “Alternative Networks faces rising demand from customers to procure, manage and support the complete chain of enterprise IT and communication solutions. The combination with Daisy will ensure that the company is best placed to capitalise on future growth opportunities and remain the provider of choice for our customers. In particular, the strong complementarity and strategic fit between Daisy and Alternative Networks will ensure our competitiveness and benefit our customers through access to a broader range of unified communications solutions.”