Nimans, a Salford-based telecoms equipment distributor, has acquired Wetherby-based rival Rocom from ATC Communications for £12.5 million. AIM-listed ATC bought Rocom for £17.6 million in 2006.
Nimans, a Salford-based telecoms equipment distributor, has acquired Wetherby-based rival Rocom from ATC Communications for £12.5 million. AIM-listed ATC bought Rocom for £17.6 million in 2006.
The combined entity will have a workforce of more than 400 people, and an anticipated combined turnover of some £100 million. Rocom generated a turnover of £45.4 million in 2008.
Julian Niman, chairman of Nimans, commented: “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.”