M&A Deal Summary

BT Group Acquires B.I.C. Systems Group

On October 25, 2004, BT Group acquired diversified company B.I.C. Systems Group for 17M GBP

Acquisition Highlights
  • This is BT Group’s 1st transaction in the Diversified sector.
  • This is BT Group’s 8th largest (disclosed) transaction.
  • This is BT Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-10-25
Target B.I.C. Systems Group
Sector Diversified
Buyer(s) BT Group
Deal Type Add-on Acquisition
Deal Value 17M GBP

Target

B.I.C. Systems Group

Belfast, United Kingdom
B.I.C. Systems Group Ltd. provides information technology and networking solutions.

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Buyer(S) 1

Buyer

BT Group

London, United Kingdom
Category Company
Founded 1980
Sector Communications
Employees98,400
Revenue 20.9B GBP (2022)
DESCRIPTION

BT Group is a provider of telecommunications networks and services in the UK. We are now an established global communications company serving customers in more than 170 countries. BT Group was founded in 1980 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 21
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 1 of 18
Country (United Kingdom) 1 of 8
Year (2004) 1 of 2
Size (of disclosed) 8 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-08 Infonet Services

El Segundo, California, United States

Infonet Services Corporation a provider of voice and data network services. Infonet Services Corporation provides cross-border managed voice and data communications services to multinational entities.

Buy $965M
Mergr

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