Onecom has brandished its first deal in over a year, grabbing Swindon-based Excalibur to strengthen its managed services prowess.
Despite making 11 acquisitions since 2020, the LDC-backed Vodafone partner has been quiet on the M&A front since it announced a brace of purchases in January and February 2023.
Ranking 19th in Oxygen 250, Onecom has been on a mission to diversify beyond its roots as a mobile comms specialist.
Vodafone, Gamma and Microsoft partner Excalibur will aid this cause by strengthening Onecom’s IT managed services strategy, CEO Martin Flick said.
“The pedigree of the team, coupled with their excellent customer base, makes this acquisition a logical step for Onecom in scaling up its managed services and fortifying its diversified market presence,” he said in a canned statement.
“The inclusion of Excalibur into the Onecom family extends our service offerings and underpins our commitment to deliver comprehensive managed IT and communication solutions across the UK.”
Excalibur’s revenues rose 7% to £9.8m in its fiscal 2023, its latest accounts indicate.
“Joining forces with Onecom opens a new chapter for us, one that presents immense opportunities for our customers and team,” Excalibur CEO Peter Boucher said.
Founded in 2002 and headquartered in Whiteley, Hampshire, Onecom employs over 600 people in offices around the UK and counts Vodafone, Microsoft, Google, Mitel, Samsung, Apple, Gamma and Five9 among its strategic partners.
The acquisitive outfit has doubled in size since LDC invested in 2019, with calendar 2022 revenues improving 7% to £180.4m.
