Elitetele.com swoops for Nexus Telecommunications
Lancashire-based unified communications specialist Elitetele.com has acquired £16m turnover Leeds company Nexus Telecomunications for an undisclosed sum.
It is the listed Chorley firm’s 15th acquisition since 2008, all of which have been funded internally and “conservative leverage” with no outside investors.
Post completion, Elite will have revenue in excess of £50m with underlying EBITDA of more than £8m representing growth of 37% and 43% over its 2016 results.
The group will have in excess of 165 staff across seve... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
