M&A Deal Summary

GCI Telecom Group Acquires Nasstar

On December 18, 2019, GCI Telecom Group acquired internet software and services company Nasstar for 79M GBP

Acquisition Highlights
  • This is GCI Telecom Group’s 2nd transaction in the Internet Software and Services sector.
  • This is GCI Telecom Group’s largest (disclosed) transaction.
  • This is GCI Telecom Group’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2019-12-18
Target Nasstar
Sector Internet Software and Services
Buyer(s) GCI Telecom Group
Deal Type Add-on Acquisition
Deal Value 79M GBP

Target

Nasstar

Telford, United Kingdom
website
Nasstar plc is a provider of hosted managed and cloud computing services. Hosted desktop is a cloud computing solution enabling clients to access their desktops, business applications, and files from anywhere with internet connectivity, using various devices. Nasstar was founded in 1998 and is based in Telford, United Kingdom.

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Buyer(S) 1

Buyer

GCI Telecom Group

Lincolnshire, United Kingdom

website


Category Company
Sector Information Technology
DESCRIPTION

GCI Telecom Group Ltd. is one of the UK’s major Converged ICT Service Providers, helping organisations evolve from traditional technology environments. Company customers span multiple sectors and range from single office organisations to those with more than 700 sites. Throughout its 17-year history, GCI’s aim has been to build something special – a progressive organisation with a well invested service delivery infrastructure, empowered staff, and the overarching goal of helping businesses transition from legacy technology environments to ‘benefit rich’ new world options.


DEAL STATS #
Overall 7 of 7
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 7 of 7
Country (United Kingdom) 7 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Blue Chip Data Systems

Poole, United Kingdom

Blue Chip Data Systems Ltd. is a provider of IT services and infrastructure solutions. Blue Chip Data Systems pacesetter delivering end-to-end fully managed IT services to large SMEs, enterprises and public sector organisations. Blue Chip Data Systems Ltd. was founded in 1992 and is based in Poole, United Kingdom.

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