CANCOM acquires Novosco for £70m
Hot on the heels of opening its first UK office, CANCOM Group has made its first UK acquisition – Novosco Group, based in Belfast. “Novosco’s product portfolio extends our capabilities tremendously and the customers we serve complement each other perfectly. We are very excited about this acquisition,” said Thomas Volk, CEO of CANCOM.
Prior to the transaction, Novosco Group forecast revenues of £55m and an EBITDA margin of approximately 17 percent in fiscal year 2019.