Gamma Communications plc has acquired Dutch telecoms group DX Groep BV (“Dean One”) for €27m to help drive European expansion for the UK group.
Dean One is a largely channel-led business, focused on products and services that Gamma is already involved in, including cloud PBX solutions, SIP trunks, data products and mobile services.
Dean One sells primarily to SME businesses via a network of over 500 channel partners. It employs around 60 people and had sales of almost€16m last year, with EBITDA of around €800,000.
"The board believes that as part of Gamma, Dean One’s growth can accelerate and that it can act as a focal point through which Gamma can broaden its geographic footprint in the medium term. Gamma will also use the acquisition as an opportunity to take products which have been successful in the UK into new markets," said Gamma.
Andrew Taylor, chief executive of £240m-turnover Gamma, said: "We have known the Dean One team for a number of years and see the business as a very good fit."
Klaas Bottema, co-chief executive of Dean One, added: “Gamma is the right home for Dean One, as we look to accelerate the success we have seen in the Netherlands. They have tremendous technical and market expertise, and a track record in building and managing the Channel.
"With their support, there is no doubt that we can grow more quickly and move into other markets which we don’t currently serve."
