London telecoms firms merge in deal worth over £55m
London-based telecoms firms G3 Comms and Connect Managed Services have merged in a bid to create one of the UK’s largest unified communications service providers.
Advised by global investment bank GCA Altium, G3 Comms’ parent company Apiary Capital has merged with the Connect in an effort to unify their respective services.
Headquartered in London, Connect Managed Services specialises in customer experience, unified communications and digital transformation provider for global enterprises, with partners including firms like Genesys, Amazon Web Services, Microsoft, Avaya and Cisco.
The merger, which will see the firms combine their revenues totalling over £55m, aims to create a platform of significant scale both in the UK and overseas.
Commenting on the deal, James Craven, managing director at GCA Altium, said: “We greatly enjoyed working with Apiary to create a new, exciting business of scale in this growing market.
“We continue to see the unified comms sector as an attractive market for investment which remains ripe for consolidation.
“This merger brings together two businesses with highly complementary capabilities and has created one of the UK’s largest customer experience and unified comms specialists.”
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