Spirit Technology Solutions is to acquire telecommunications provider Nexgen in what it claims is its largest acquisition to date.
The move will see Spirit double its B2B customer base to over 10,500 and add an extra $36 million to its revenue banks, the publicly listed company claimed.
Comprising of the Nexgen and Business Telecom brands, the acquisition brings over 5,000 new B2B clients and 100 new salespeople into Spirit.
The two business however will continue to operate under their own brands, but the salespeople will cross-sell Spirit’s internet, cloud, voice, mobiles and cyber security services in addition to selling existing Nexgen products.
This includes Nexgen’s business and internet plans — both those on the National Broadband Network (NBN) and high-speed fibre — as well as voice equipment and software technologies and vendor-independent mobile plans.