HMT LLP advised LDC-backed communication tech and cloud communications specialist Onecom on their acquisition of IT managed services and communications company Excalibur Communications.
Founded in 2002 and headquartered in Whiteley, Hampshire, Onecom is the UK’s leading business communications technology and cloud communications specialists, delivering fixed line, mobile, unified communications, connectivity, and cloud solutions. The company currently manages nearly 80,000 business customers, delivering communication services and unified solutions across fixed line voice, connectivity, and managed cloud to some of the UK’s most dynamic companies.
Excalibur Communications is an experienced IT Managed Services Provider with well-established Unified Communications and mobile communications capability with long-standing partnerships with Vodafone and Gamma to complement its Microsoft Gold Partner status.
This acquisition affords Onecom additional capability and capacity through its expert team, geographic reach from its Swindon Operations Centre, and the addition of an established customer base with advantageous opportunities and benefits for those customers, further strengthening Onecom’s IT Managed Services strategy and building on the momentum from the recent acquisition of IMS Technology in 2023.
HMT, led by Paul Read, Corin Briault-Hutter and Luc Couyava, undertook financial due diligence on this transaction.
Having worked with HMT previously on three acquisitions, the team were very responsive in understanding the key challenges on this transaction and produced a high-quality financial and tax analysis in a timely manner.
– Christian Craggs, Director of M&A and Strategy – Onecome
“We are delighted to have advised Onecom on their eleventh acquisition since 2020. Excalibur Communications and Onecom have perfectly aligned values and this acquisition strengthens Onecom’s growth and expansion strategy. We look forward to working with them again in the future.”
– Paul Read
