Continuing the acquisition run from last year, BigAir has announced it will acquired AccessPlus.
AccessPlus provides outsourced managed Interned services, and specialises in tertiary student accommodation. It’s a company that is over 10 years old, and currently has 20 sites under management in long-term contracts.
The acquisition will cost BigAir $5 million all up. The founder of AccessPlus, Neil Thomposn will remain the managing director of the new subsidiary and will join the BigAir senior management team.
Late last year BigAir was successful in acquiring Clever Communications, reversing the acquisition attempt by Clever made in 2008. BigAir also acquired Star-Tech’s Communications division earlier last year year.
It will operate as a wholly owned subsidiary within BigAir. According to a statement to the ASX, BigAir plans on installing a high speed fixed wireless backhaul networking into each AccessPlus student accommodation site, interconnecting with high speed local access wired and wireless networking installed and owned by AccessPlus.
The statement claims the companies share good synergies in this regard.