GCI Com has acquired the business and certain assets of Altrincham based Hale Network Solutions Ltd

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Posted in:Corporate and Commercial|October 16, 2012 | Join the mailing list

GCI Com has acquired the business and certain assets of Altrincham based Hale Network Solutions Ltd for an undisclosed sum.

GCI Com is an independent Information Communications and Technology (ICT) services provider, employing over 220 people and with a turnover approaching £50m. GCI Com serves the rapidly expanding and converging data services and communications technology markets,
providing inbound and outbound telephony, IT and data services to the SME market across the UK. The group was formed in 2000 and has since grown rapidly, through a mix of organic growth and strategic acquisitions. Today it is one of the fastest growing managed
communications providers in the UK with a 68% compound annual growth rate over the last two years. This deal represents GCI’s fourth acquisition in the last twelve months.

Wayne Martin, CEO of GCI Com commented on the deal:

"The acquisition of Hale Network Solutions is a major milestone for GCI Com. It gives us the opportunity to significantly build geographical scale and compliments our existing service delivery. The sector in which we operate is enjoying rapid growth due
to the convergence of IT and telecoms, the move to cloud computing and corporate desire to outsource, Hale Network Solutions is therefore a strategic fit".

Manchester based solicitors BERG advised Hale Network Solutions Ltd on the transaction. GCI Com used its in-house team of advisors

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