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Higgs advise on dual acquisition

3rd October 2019

Higgs advise on dual acquisition

Advisors from Higgs & Sons’ Business Services team have supported Simwood Group PLC on its recent acquisitions aimed at consolidating its leading position in the telecommunications sector.

The two acquisitions have seen long term Higgs client, Simwood Group purchase the entire share capital of Sipcentric Limited and Birchills Telecom Limited for undisclosed sums. Both deals were completed at the beginning of October.

The Higgs team was led by Corporate partners, Geoff Kettle and Adrian Cutler with additional support provided by members of the wider Business Services team at the Midlands based firm.

Commenting on the deal, RM for Simwood Group, Adrian Cutler comments: ”We have been working with Simwood for several years now. Their position in the market place is incredibly strong, reflected in their well-deserved reputation for innovation and quality of service.

“These latest acquisitions will not only enhance their standing within the sector but enable them to secure their position as a major influencer in the global telecommunications market now and in the future.”

Established in 1996 Simwood Group services over 200 wholesale customers in more than 52 countries, most significantly the UK home-market and the USA where it has been a licensed carrier since 2018.

Founder and CEO of Simwood Group PLC, Simon Woodhead said: “Sipcentric has built the best architected, most user-friendly and modern platform in the market. They’ve done an amazing job, but few know about it, yet.”

Sipcentric, a long-standing Simwood partner, provides white-label platform-as-a-service hosted PBX to channel partners whilst Birchills Telecom is a veteran reseller serving the SME community.

Sipcentric founder and CEO of Sipcentric and Birchills, Charles Chance said: “Today marks the beginning of a new chapter for Sipcentric. As part of the Simwood Group we’ll not only be able to deliver more value to customers faster, we’ll also be able to extend our reach and help shape the future of the industry for the better.”

The deals will see Charles Chance remain CEO of Birmingham based Sipcentric.

 

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