O’Connor Utilities buys fibre optic installer

Aaron Morby 2 years ago
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Private equity-owned utilities contractor OCU Group has bought Leeds-based fibre-optic specialist InICT.

InICT deal is O'Connor Utilities first corporate deal since it was acquired by private equity group Triton Partners last August in a move rumoured to be worth nearly £400m.
InICT deal is O'Connor Utilities first corporate deal since it was acquired by private equity group Triton Partners last August in a move rumoured to be worth nearly £400m.

The deal for the £10m revenue fibre optic cable installer gives O’Connor Utilities a stronger foothold in the Government’s £5bn Project Gigabit.

Adrian O’Sullivan, managing director of O’Connor Utilities, said: “The investment in InICT is part of our strategy to add to our own expertise across the north of England for both the telecoms and multi-utility sectors.

“We already work with some exciting companies in the region and adding InICT will significantly strengthen our offering.”

Andrew Burn, director of InICT, said: “We have worked closely with OCU over the last couple of years and built a strong relationship.

“We share an ethos of getting things right first time by providing clients with a first-class service. We are happy to become part of the group and see OCU as the ideal partner to help our clients accelerate the deployment of fibre infrastructure in the north of England.”

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