Spirit Technology acquires Sydney-based telco gear company Nexgen | CRN

Spirit Technology has acquired telecommunications equipment company Nexgen for $50 million, which the company called its largest acquisition to date.

Based in Sydney, Nexgen provides phone systems, printers, security cameras and cybersecurity services to small and medium enterprises. The company is also an NBN retail service provider and also resells other fibre providers.

Spirit said the acquisition brings in more than 5,500 new B2B customers and 100 new sales staff, and Nexgen is expected to generate $36 million in revenue.

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