Calteq, located in Hertfordshire and Suffolk, is a provider of voice, connectivity, mobile and cabling solutions. The deal will add £6.2m of turnover and £1.2m of EBITDA to the Firstcom group.
Christian Bleakley, CEO of Firstcom Europe (pictured), explained, “I am looking forward to working with Calteq who have been successfully trading for 19 years and have built up a great reputation and a loyal customer base with strong revenues.
“Their expertise in offering multi-site and bespoke solutions will complement our unified communications products and enhance our ability to grow the business organically.”
Mike Stephenson, founder and director of Calteq, added, “One of the reasons we were keen to join with Firstcom is the opportunities it provides my colleagues to progress
“With Firstcom Europe’s product set, our customers will be able to transition seamlessly to cloud based solutions, meaning both my colleagues and our customers will benefit. I am looking forward to working with the team as the enlarged business delivers on its ambitious growth targets”.
Since first investing in Firstcom Europe in August 2020, Kartesia has committed over £30m to the business to refinance its existing debt arrangements and support its ongoing buy and build strategy.
Firstcom has acquired two businesses in Germany and a number of customer databases in the UK with Kartesia’s funding. Kartesia will continue to support the group’s acquisition strategy.
Firstcom received legal advice from Knights on the acquisition, with the team led by David Easdown and Ryan Tweedale.