M&A Finance / Acquisition

Flotek has grown its presence in the Welsh market with the acquisition of Swansea-based Cloud9ine Communications, marking its third buy in six months.

Aeris Communications has acquired Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses as it looks to create new revenue streams for its channel partners.

Air IT has acquired Silverbug and Scoria, taking it to over 400 employees and more than 2,200 clients, a tenfold increase since its initial investment from August Equity in 2020.

With the new backing of Invesis, Asanti Datacentres has acquired five UK data centres from Daisy Group.

RM intends to sell its School Management Information System (MIS) business to The Key Group for up to £16m in the first half of 2023.

Yay has secured private equity investment from Queen’s Park Equity (QPE), enabling the UCaaS platform to leverage TelcoSwitch’s base of channel partners.

Wireless Logic has acquired international SaaS vendor IoThink Solutions for an undisclosed fee following its double swoop for Mobius Networks and Jola in July. 

Firstcom has acquired north west reseller Raspberry Beret, to add £1.4m of annual revenues.