Sterlite Technologies (STL) Acquires Clearcomm Group Ltd

July 22, 2021

Sterlite Technologies Limited (STL) has agreed to acquire 100% of UK-based network integrator Clearcomm Group Ltd in a two-tranche deal (80% up front, remaining 20% in 2023) based on an enterprise value of £15.5 million for the initial tranche. The acquisition (Clearcomm reported ~£20m revenue and strong recent growth) expands STL's network integration capabilities and strengthens its presence across the UK and Europe, complementing STL's optical connectivity and data-centre interconnect offerings.

Buyers
Sterlite Technologies Limited (STL)
Targets
Clearcomm Group Ltd
Location
England, United Kingdom
Transaction Type
Buyout

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