Firstcom Europe grows UK base with Calteq buy

Firstcom Europe has grown its UK footprint with the acquisition of Calteq, which operates in Hertfordshire and Suffolk.

The buy also brings £6.2m of turnover and £1.2m of EBITDA to the combined group.

Christian Bleakley, CEO of Firstcom Europe, said: “Calteq’s expertise in offering multi-site and bespoke solutions will complement our unified communications products and enhance our ability to grow the business organically.”

Mike Stephenson, founder and director of Calteq, added: “One of the reasons we were keen to join with Firstcom is the opportunities it provides my colleagues to progress.

“With Firstcom Europe’s product set, our customers will be able to transition to cloud-based solutions, meaning both our colleagues and customers will benefit.”

Since first investing in Firstcom Europe in August 2020, Kartesia has committed over £30m to the business to refinance its existing debt arrangements and support its ongoing buy and build strategy.

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