What does acquisition mean for us: Focus Group completes acquisition of HighNet Telecom
We’re delighted to be able to share the news that Focus Group has completed the acquisition of HighNet Telecom. HighNet, is a successful connectivity and telephony company based in Scotland, with offices in Inverness and Glasgow. This business acquisition and financial investment will serve to extend geographical reach, strengthen product portfolios and enhance service expertise for both brands.
Author: Sonia Older
Date: Monday 13 April 2021, UK
About HighNet Telecom
HighNet Telecom, also known as Highland Network Ltd, is a leading provider of quality business-grade voice and data communications. With offices in Inverness and Glasgow, HighNet has a national sales team and a countrywide network of quality channel partners.
HighNet have been providing competitive telecommunications services to the business market throughout the UK and beyond since 1994. Their philosophy is ‘Plain Sailing’ for business connectivity; smooth and easy progress is the aim for the customer experience with their voice, data and mobile solutions for business connectivity.
HighNet will continue to operate under its well-established brand name and we’re happy to announce that David J Seigal will continue to lead HighNet as Managing Director, together with his existing management team and employees, whilst chairman David M Siegel will continue with his plans for retirement later this month.
Expert pairing with our acquisition of HighNet
David Siegel, MD of HighNet said: “It was really important that we found a pairing that allowed us to do what we do best. We also wanted a culture that matched our own and to benefit from all that comes with the support of a larger business; namely the investment and expertise to transition to a £20m turnover company.
There ended up being only one partnership that ticked all the boxes and I’m excited the next phase of our journey sees us joining forces with Focus Group. We can now start to concentrate our minds on how we best drive growth and deliver on our combined potential.
HighNet was advised by Paul Billingham from Knight Corporate Finance, Focus was advised by Roxburgh Milkins and RSM UK Group.”
What does acquisition mean for Focus Group
So what does acquisition mean for Focus Group going forward? Ralph Gilbert, co-founder of Focus Group, said: “The acquisition of HighNet is a great achievement for Focus Group and I’m delighted to welcome them on board. There is a perfect fit between the two companies that will create great opportunities for collaborations and business development in Scotland.
HighNet have a strong core network of broadband services, together with proven channel partner expertise, which will provide Focus Group with the ability to advance further in this field. Both companies are expanding exponentially and working closely together will speed up our growth plans”