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Home Oxygen 250 feature

XMA CRO: “M&A instantly turned us into a £550m business”

XMA CRO Kelvin Lee reflects on the 12th-ranked outfit’s acquisition-packed 2024

Oxygen staff by Oxygen staff
21 January 2025
in Oxygen 250 feature
Kelvin Lee, XMA

Kelvin Lee, XMA

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This Q&A appeared in Oxygen 250 2025, in which XMA ranked 14th. IT Channel Oxygen members can download the full report here.

What was your high point of 2024?

Getting two substantial acquisitions over the line after a quiet period for us on that front.

How did these two acquisitions strengthen the business?

They have increased revenues by 75%, instantly turning us into a £550m business. They have also given us new staff, skills and specialisms which build on our existing capabilities. We are massively excited to become the largest Apple reseller in the UK in terms of both volume and (we think) value. Datapac is interesting as it doubles the size of our managed print business and gives us a footprint and route back in the EU – something we lost post Brexit.

Can you share a key ambition for 2025?

Our managed service business is our best-kept secret, which isn’t a good thing. We have ambitions to build on recent successes and grow our service portfolio in all our key customers in 2025.

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