4. Smartcomm
Size: 75 staff, £15.8m revenues
Acquirer: Econocom
When: March
Rationale
Econocom moved to bolster its UK audio-visual capabilities by snapping up the business and assets of Smartcomm.
High Wycombe-based Smartcomm went into administration on 21 February following a winding-up petition from HMRC the previous month.
One of the few Oxygen 250 firms to change ownership this year, Smartcomm turned over £15.8m in the year 31 October 2024, according to draft management accounts included in the Statement of Proposals.
Econocom Products & Solutions UK CEO Gavin Bell told IT Channel Oxygen that SmartComm customers had all been “really complimentary” about its reputation and quality of service.
What they said
“I’ve had lots of meetings with ex SmartComm customers, where we’ve gone in and are looking to re-engage either from project or a support perspective… Although it’s not an acquisition in the traditional sense, we wanted to use it to accelerate that existing AV capability we had in the UK,” – Gavin Bell, UK CEO, Econocom Products & Solutions UK
Noteworthy nugget
SmartComm had a residential business which supplied AV kit to high net worth individuals and apartment blocks. But Econocom is “less interested” in this than its corporate arm, Bell said.
Which 3 acquisitions were bigger? See next page…
