.
MergerLinks Header Logo

New Deal


Announced

Completed

Welltel completed the acquisition of Strencom.

Financials

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

Tags

Edit

Single Bidder

Private

cloud connectivity solutions

Acquisition

Cross Border

Telecommunications Services: Other

Completed

Friendly

Majority

United Kingdom

Synopsis

Edit

Welltel, a business communications provider, completed the acquisition of Strencom, a provider of cloud connectivity and communication solutions. Financial terms were not disclosed. “Strencom’s secure data connectivity, cloud infrastructure and managed hosting are new services for the group, and when layered with Welltel’s specialist voice solutions, creates a one-stop provider for business customers. It drives our secure connectivity proposition and offers a natural migration path to the secure cloud. This is especially important with the acceleration of the digital workplace, and in securing the hybrid workforce of the future," Ross Murray, Welltel CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US