Firstcom Europe is primed for a period of M&A activity having secured a 29m euro acquisition war chest from Kartesia. The cash boost also enables Firstcom to refinance its existing debt arrangements. Firstcom has completed eight acquisitions to date and generates over £35m revenues.
The company operates in the UK, Germany, Sweden, Denmark and Poland, and future acquisitions will expand its geographic footprint.
Nick Holman, Director at Kartesia, stated: “With its proprietary product portfolio across on-premises and cloud-based solutions, Firstcom Europe is in a position to support its clients in the ongoing transition to digital telephony.”
Firstcom CEO Christian Bleakley (pictured) added: "Firstcom will continue to develop cloud-based products that will be embedded into business practices."