M&A Deal Summary

Castleton Technology Acquires Telefficiency

On February 24, 2000, Castleton Technology acquired technology hardware company Telefficiency for 17M GBP

Acquisition Highlights
  • This is Castleton Technology’s 1st transaction in the Technology Hardware sector.
  • This is Castleton Technology’s 0th largest (disclosed) transaction.
  • This is Castleton Technology’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2000-02-24
Target Telefficiency
Sector Technology Hardware
Buyer(s) Castleton Technology
Deal Type Add-on Acquisition
Deal Value 17M GBP

Target

Telefficiency

High Wycombe, United Kingdom
Telefficiency Ltd. is a switchless reseller of telecommunication services with approximately 5,500 customers, most of which are small and medium sized businesses ('SMEs'). These customers, who are potential users of high speed Internet and data services, significantly increase the customer base of the enlarged group.

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Buyer(S) 1

Buyer

Castleton Technology

Sutton Coldfield, United Kingdom
Category Company
Founded 1997
Sector Software
Employees177
Revenue 26M GBP (2019)
DESCRIPTION

Castleton Technology Plc is a provider of complementary software and managed services to the public and not-for-profit sectors. Castleton works in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. Castleton Technology was founded in 1997 and is based in Sutton Coldfield, the United Kingdom.

DEAL STATS #
Overall 1 of 12
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 12
Country (United Kingdom) 1 of 11
Year (2000) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-26 Manet Telecom

United Kingdom

Manet Telecom will focus its network coverage primarily on towns with a high density of business parks. The first MAN will be built in Cambridge; for commercial reasons, the second will be announced closer to the time when building commences. There is an option to expand to a further eight towns.

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