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09/03/2001

KINGSTON ACQUIRE MILGO HOLDINGS

KINGSTON Communications have announced the acquisition of the UK-centred operations of Milgo Holdings LLC , Milgo Solutions, from Platinum Equity LLC, Platinum, for £23.4 million on a cash and debt-free basis.
Milgo Solutions are one of the leading-edge providers of communications solutions and brings to Kingston best-in-class sales and technical skills in the rapidly expanding data communications and managed network services arena.
The acquisition significantly broadens and deepens the Kingston group's existing business-to-business solutions portfolio in the converging voice and data markets.
Milgo Solutions' strong national and regional presence will also complement the structure of Kingston's established regionally focused networking and business solutions activities.
Kingston's business-to-business solutions division offers a broad portfolio of voice, data, Internet and mobile services from seven centres across the UK. Current industry accreditations for data networking include Cisco Systems, Citrix Systems, Compaq Computers and 3Com.
These activities are supported by Kingston's seven metropolitan networks and a national broadband infrastructure which is nearing completion. (CD)
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