Zzoomm has appointed Acuity Advisors to explore potential M&A targets, according to a report from Sky News.
Fri, 30/09/2022 - 10:07
OCU Group has strengthened its offering across the north with the acquisition of Leeds-based fibre-optic specialist InICT.
The deal will be undertaken by O’Connor Utilities, which is OCU’s northern operating unit.
InICT specialises in installing fibre optic cable for infrastructure clients across the north of England. It employs over 110 staff and generated annual revenues of £10m per its latest accounts.
The investment marks the latest move in OCU’s growth plans and will further drive its telecoms presence across the region, supporting clients including CityFibre, Virgin Media and KCOM, according to MD Adrian O’Sullivan.
“The investment in InICT is part of our strategy to add to our own expertise across the north of England for both the telecoms and multi-utility sectors,” he said.
“By embracing new talent through these partnerships, we can increase our roll-out capabilities and support the future economy on both a local and national level.”
Andrew Burn, director of InICT, added: “We have worked closely with OCU over the last couple of years and built a strong relationship and shared ethos of getting things right first time.”
