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Announced

Completed

Arrow Business Communications completed the acquisition of Altinet.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Majority

it services

storage services

Single Bidder

IT Services: Other

Private

Completed

Friendly

United Kingdom

Synopsis

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Arrow Business Communications, a telecommunications equipment and services provider, completed the acquisition of Altinet, a provider of IT security and storage service. Financial terms were not discosed. “With it’s strong cultural alignment to Arrow, expertise in cyber security and impressive sales oriented approach, Altinet represents the perfect first acquisition following the investment in Arrow by MML. I am excited by the possibility of offering the broader product portfolio into the combined customer base and extending Arrow’s IT capability. I’m sure Dan, Henry and all the Altinet team will continue to thrive with the additional support of the wider Arrow business and I look forward to welcoming them all to the team," Richard Burke, Arrow CEO.

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