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Business ISP Air IT Acquires Netstar UK Ltd and Microtrading Ltd

Tuesday, October 27th, 2020 (10:05 am) - Score 312
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Managed communications provider and ISP Air IT has acquired London-based Netstar UK Limited and Birmingham-based Microtrading Limited for undisclosed sums, which has enabled the group to effectively double its size in the space of just nine months, while also expanding more into London and the West Midlands.

The deal should help Air IT, which is being backed by investment from August Equity Partners LLP, toward their goal of “becoming the UK’s largest SME focused cloud managed services provider.” The company provides everything from broadband connectivity to fully converged IT solutions, managed support, cyber security, digital transformation, cloud, and business intelligence solutions etc.

John Whitty, CEO of Air IT said: “Since the investment and commitment made by August Equity Partners to back our growth strategy, the team have been hunting for solid businesses who share our dedication and ability to serve the SME market. We are delighted to have found these, despite the recent pandemic, with Netstar and Microtrading who are both extremely capable, successful, and exciting businesses with very talented teams, which will result in the doubling of staff to 140 people.

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