Nasstar has announced it is acquiring KCOM’s national ICT services business. The sale is subject to completion conditions and is expected to complete over the coming weeks.
Nasstar said the acquisition will make it one of the largest independent providers of managed services in the UK, bringing its headcount to over 1000 employees.
Wayne Churchill, CEO of Nasstar (pictured), said, “KCOM will form a vital part of Nasstar’s growth strategy, and it will be integrated into the business, adopting new, efficient, and scalable systems, and enabling customers to access an enhanced product set.
“We recognise the value and opportunities the combination of KCOM’s people, capabilities and customers from the national ICT services business of KCOM represent, and we are confident our strategy will turn this potential into long-term growth and success.”
Dale Raneberg, CEO of KCOM, added, “We have agreed the sale of our national business to Nasstar, a UK provider of managed communications and cloud services to large businesses and public sector organisations. Our regional wholesale and retail operations in Hull, East Yorkshire and North Lincolnshire will remain part of KCOM and the focus of our business.
“Our team is investing £100 million to expand our regional network, through which we are making full fibre broadband available to consumers and businesses in more towns and villages across East Yorkshire and North Lincolnshire.”
KCOM is a provider of connectivity, unified communications, and cloud services. It has several thousand customers throughout the UK, as well as over 700 partners and resellers.