IP Telecom, today - March 4th, 2024 - announced the successful acquisition of Centrecom Systems Limited.
This acquisition marks a significant milestone in IP Telecom’s growth journey. Founded in 2005 Centrecom is a leading provider of managed connectivity, Voice and IT solutions. Through integrating both entities, IP Telecom will offer a new level of enhanced services to its customers, with particular emphasis on bringing Centrecom’s managed connectivity expertise to the fore as part of its communications offerings.
Speaking on today’s announcement, Shena Brien, CEO of IP Telecom, said: “We are thrilled to welcome Centrecom into the IP Telecom family today, and look forward to offering our customers additional services through this acquisition, as we continue to put the customer first. IP Telecom has large ambitions for the year ahead, and our acquisition of Centrecom is a sign of great things to come; growth is most certainly on the agenda for 2024, and this is one of many moves we will be undertaking to deliver against that goal.”
Brian Hewson, Managing Director at Centrecom added: “Joining forces with IP Telecom is a fantastic move for us at Centrecom; together we embark on a shared mission to elevate our offerings and expand our reach, providing B2B telecoms services across Ireland. We look forward to the future with optimism, fuelled by the combined expertise and resources that this acquisition brings.”
This strategic acquisition comes on the heels of IP Telecom’s recent injection of €6 million in investment capital from Development Capital, highlighting the company's commitment to expansion and innovation, and the recent strengthening of its board, with the appointment of Edel Creely as Chair.
Advisers:
Financial Advisor: PKF led by Jack Swinburne, David Lucas, Ben Pentony & Calum Hill.
Tax: PKF Kevin Quinn & Ornagh Morrissey.
Legal: Phillip Lee, led by Eoghan Doyle, Hugo Grattirola, Deirdre Brannigan and Zoe Dunne.