Telecom distributor Nimans has bought rival Rocom in a deal worth £12.45 million creating a business with a combined turnover approaching £100 million.
According to chairman Julian Niman (pictured), the deal is an “opportunity of a lifetime” and will create a distributor with the largest depth and diversity of stock and create new channel opportunities.
“This acquisition provides the perfect platform for sustained strategic growth for customers giving them access to the full product portfolio across Nimans and Rocom,” said Niman.
“It represents a real statement of intent and demonstrates our commitment to, and confidence in, the telecoms distribution market. We are a financially secure company with the strength to expand and move further forward.”
Both companies will retain their branding and customer-facing operations in a “business as usual” strategy.