SpiriTel acquires ADK

London-based telecommunications business SpiriTel has acquired ADK Communications for £1 million in cash. 


London-based telecommunications business SpiriTel has acquired ADK Communications for £1 million in cash. 

London-based telecommunications business SpiriTel has acquired ADK Communications for £1 million in cash.

ADK provides voice and data services to some 300 small and medium-sized enterprises. The Hertfordshire-based company generated pre-tax profits of £460,000 for the year to March on revenue of £1.6 million.

Alastair Mills, chief executive of SpiriTel, said: ‘[ADK’s] customer base is a strong fit for SpiriTel and further leverages the operational scale of our business division.’

In the year ending April, SpiriTel reported an increase in turnover of 18 per cent to £19.7 million, and pre-tax losses of £1.7 million.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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