Centrica plc today announced that it has acquired the broadband customers and associated infrastructure of iomart Group plc, a European Internet security and messaging company.
The transaction, for a consideration of £2 million in cash secures 2,750 broadband business and residential customers in the UK, customer service facilities in Glasgow and Stornoway, associated broadband infrastructure and 40 employees.
Centrica Telecommunications Managing Director, Ian El-Mokadem, said: “This acquisition gives us a key position in the developing broadband market and offers access to the technological knowledge of iomart. Combined with Centrica’s financial resources and marketing expertise, this will allow us to further develop our telecoms strategy.”