Wakefield-based communications services provider ETS Communications Holdings is being acquired by the listed AdEPT Technology Group in a £2.5 million deal.
AdEPT said that a further consideration of up to £1.75 million is also on the table depending on ETS’ trading performance in the year following the acquisition.
ETS provides unified communications and connectivity to businesses within the public sector and currently manages could-based telephony for more than 200 GP surgeries.
Ian Fishwick, chief executive of AdEPT, said the acquisition would build on the capabilities of AdEPT’s specialist Avaya IP Office operation in Northampton while also extending its reach to Yorkshire and Lincolnshire.
“We are delighted to have acquired such a high-quality business with a highly experienced vendor remaining with ETS post-acquisition,” he said.
“With AdEPT having an existing specialist Avaya IP Office operation in Northampton, the acquisition of ETS builds on this capability and extends the geographical reach to Yorkshire and Lincolnshire.
“ETS has a well-developed customer base with long term relationships, which builds upon AdEPT’s existing public sector healthcare presence. The acquisition is expected to be earnings enhancing from completion.”