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Metronet (UK) acquires M247 for £47.5m
Metronet (UK), the UK’s fastest growing network services provider, backed by mid-market private equity firm Livingbridge, today announces its acquisition of M247, a leading internet infrastructure and hosting company, for £47.5m.
Following the acquisition of M247, Metronet (UK) will be able to offer a combined portfolio of connectivity and content services including wireless network services, datacentres and managed hosting solutions across the UK and Europe. The combined business will have three datacentres, over 200 staff and EBITDA in excess of £12m.
http://www.metronet-uk.com/metronet-uk-acquires-m247-to-create-national-telecommunications-platform/
Comments
Nice. I wonder what this means for M247 now.. they may continue operating as separate entities.
I used Metronet in a previous incarnation as my ISP before they were swallowed up by Plusnet.They were excellent. Unfortunately Plusnet weren't so I moved.Good luck to them.Edit - My mistake, I thought they had common director(s) - they don't