[May 02, 2013] Ziggo acquires Esprit Telecom and Zoranet Connectivity Tweet May 02, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Ziggo B.V., a provider of entertainment, information and communication services, has acquired Esprit Telecom and Zoranet Connectivity Services BV from Detron ICT & Telecom Groep BV, for a consideration of EUR18 million. All the entities are based in the Netherlands. Esprit Telecom is a provider of voice and data services for the SME market, while Zoranet is an ICT service provider that focuses on the retail sector. Detron is a provider of information technology and telecommunications services. Announcement (March 14, 2013): Ziggo has reached an agreement to acquire Esprit Telecom and Zoranet Connectivity from Detron ICT, for a consideration of EUR18 million. Esprit Telecom has generated revenues of EUR37 million in 2012. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2013-05-01 Deal Participants Target 1 (Company) Zoranet Connectivity Services BV Target 2 (Company) Esprit Telecom B.V. Acquirer (Company) Ziggo B.V. Vendor (Company) Detron ICT & Telecom Groep BV Deal Rationale The acquisition of Esprit Telecom will enable Ziggo to accelerate its services provision to the SME market. Detron will be able to focus on developing its IT strategy and will use the proceeds for growth. [ Back To TMCnet.com's Homepage ]