Feeds

Pipex acquires Host Europe for £31m

More hosting services, greater product mix

  • alert
  • submit to reddit

Build a business case: developing custom apps

Pipex is to acquire Host Europe for £31.2m after making a recommended cash offer for the Web business.

Broadband ISP, Pipex, and hosting outfit, Host Europe, reckon the deal is a neat match since more and more punters want telecom services from a single supplier.

Said Pipex chairman, Peter Dubens: "This acquisition will expand our hosting services, further improve the mix of products that we currently offer our customers and increase our gross margin.

"It is an acquisition which reinforces our position in the UK telecommunications sector."

News of Pipex's latest acquisition comes on the same day the company reported its results for 2003.

Turnover at the company jumped from £8.1m in 2002 to £35.2m last year, while pre-tax loss narrowed from £11.8m to £9.9m.

With customer numbers rising from 25,000 to more than 150,000, Pipex reckon it's now established at the UK's fifth largest broadband ISP.

Said Mr Dubens: "2003 was an extremely important year in the development of the company.

"During this period revenues increased more than fourfold and the company moved from heavy losses to being month on month EBITDA positive by the year-end."

Shares in Pipex were up a smidgen at 11.5p by early afternoon. ®

Related Story

Pipex in talks to buy Host Europe

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?