HMT LLP advised LDC-backed communication tech and cloud communications specialist Onecom on their acquisition of IT services firm IMS Technology Services.
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 100,000 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.
Onecom employs over 600 people in offices around the UK and counts Vodafone, Microsoft, Samsung, Apple, Gamma, Mitel and Five9 among others as its strategic partners.
Established in 2002, Stourbridge-based IMS Technology Services works with businesses across the UK, designing, building and optimising IT and communication solutions and has more than 600 customers.
HMT undertook financial due diligence on this transaction.
Christian Craggs, Head of M&A at Onecom commented:
“We would like to thank HMT for their invaluable support on Onecom’s acquisition of IMS. Paul, Corin and Jack were efficient in getting the process going, worked in a flexible and communicative way, and their advice was clear and concise. We highly recommend them and are looking forward to working with them again in the future.”
Paul Read commented:
“We are delighted to have advised Onecom on their first acquisition of 2023. The acquisition of IMS further supports Onecom’s mission to build on and extend their geographic presence and technical capabilities. We look forward to work with them again as the business grows.”