6/10/2010 10:37:00 AM
Daisy firmly on acquisition trail with Fone Logistics purchase
Daisy Group’s acquisition of Fone Logistics was the company’s sixth purchase in less than a year.
In February, Daisy Group made a £10.45m offer for IP telecoms carrier and fixed and mobile reseller BNS Telecom Group.
Also in February, Daisy bought data network provider Managed Communications for an initial cash consideration of £6.3m.
The latest acquisitions follow a £39m spree that concluded when the company bought Redstone - now known as Anglia - for £17m in August last year.
Daisy, managed by CEO Matthew Riley (pictured), was formed when telecoms companies Daisy and Vialtus were reversed into AIM-listed Freedom Group in a £123m deal.
Its acquisition of Redstone was its third in as many weeks, after buying telecoms and IT supplier Eurotel and communications and technology company AT Communications.
Daisy has now firmly set its sights on dominating the SME market as a service provider and distributor with what it considers to be unparalleled mobile, fixed and IT capabilities.