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Maintel Holdings Plc, the telecoms and data managed services company, has announced the acquisition of Proximity Communications Limited and its subsidiary Achilles Professional Services Limited in a £9.6 million net cash deal. The acquisition is a key component of Maintel’s strategy to diversify its revenue base and significantly increase its skills and presence in new products and services
Proximity is a unified communications and managed services provider, specialising in voice and data network infrastructure solutions, adding enhanced capabilities in data, wireless and network security to Maintel’s industry leading proposition.
Commenting on the acquisition, Eddie Buxton, CEO, said: “Proximity is a highly respected business and builds on Maintel’s offering in a number of key areas. This is a core strategic investment for Maintel, bringing in new services and enhancing our existing capabilities, to create a new proposition that’s important to our long term growth, and will be a direct benefit to our customers.”
It will remain business-as-usual for all Maintel and Proximity customers with no immediate changes to the Proximity company name or branding. Former Proximity CEO Darren Boyce will join the Maintel board as a Non-Executive Director.
The new combined business is one of the largest and most highly skilled resellers in the communications sector.
“We are delighted to welcome Proximity into the Maintel Group; the combined strength of the two businesses is a very logical and exciting prospect,” continued Eddie Buxton. “Maintel and Proximity both have strong reputations in the market and we are confident that combining our services will provide the Group with new and enhanced service offerings to our customers.”
