Non-network based telecommunications companyProvides fixed line calls, line rental, telephony, and broadbandServes variety of sector including education and government
Advanced Computer Systems' highly skilled team, together with its customer base and product set, will complement AdEPT's existing IT managed services offering where AdEPT provides services to thousands of schools and academy trusts
The telecoms provider said that it planned to increase its final dividend to 4.9p per share from 4.5p in 2018, taking the full dividend for the year 12% higher to 9.8p
“Alongside the pivot to faster growth managed services as a key feature of the investment case, we believe AdEPT will continue to add significant value via M&A,” Cantor Fitzgerald said
AEPT has appointed Phil Race as its new chief executive in a move which will allow founder and current boss Ian Fishwick to become chairman and focus more heavily on acquisitions
"The results for the period demonstrate the strength of our capex light model and our organic and acquisitive growth strategy," said AdEPT's chairman, Roger Wilson
