Serial acquirer Kelway hoovers up ISC Computers
Fourth deal since January 2009
ICT services group Kelway has breached the £300m turnover mark after hoovering up ISC Computers.
The buy came as serial acquirer Kelway said it would end the year with revenues up 40 per cent on the year to almost £250m.
Kelway emphasises ISC's private cloud and virtualisation expertise. It has 280 employees, and turns over around £54m.
Kelway took over channel veteran Elcom in 2007, but its taste for acquisitions really kicked in last year.
Last year it coughed up for Panacea Services, a specialist in HP and VMware sales, with operations in the UK as well as the Netherlands and the UAE. That deal was quickly followed by the hoovering up of Repton Holdings, a corporate IT specialist with turnover of £l40m, and the takeover of SAM Practice a year ago.
At the time of the Repton deal, Kelway said it was targeting revenue of £250m within three years.
It has clearly achieved its aim early, but that's hardly surprising with such an acquisition rate. ®