Acquisitions add to growth at AdEPT

Local firms partner up for £12million telecom acquisition

SHIFTING its business model to managed services and away from fi xed-line deals has continued to pay off for AdEPT Telecom, its latest figures have revealed.
Following a period of high profile acquisitions, the Tunbridge Wells-based firm recorded a pre-tax profit of £3.4million for the year ending March 31, up from £2.9million the previous year.
The statement, released last month, also revealed revenue grew by 19 per cent to £34.4million during this period, when the firm bought Comms Group UK, CAT Communications and OurIT Department.
The Non-Executive Chairman of the Aim-listed company, Roger Wilson, said: “Following these acquisitions, the group is able to offer its existing and targeted customer base a fully converged unified communications and IT service.”
He continued: “The acquisitions completed during the year, combined with organic sales, have increased the rate of transition of the group towards a complete managed service provider, with revenue from managed services accounting for more than 55 per cent of the total in the year ended March 31 2017.”

Share this article

Recommended articles


Please enter a search term below.

Subscribe To Our Newsletter