Telecom and hosting services provider Daisy Group has acquired two data and managed service providers from Niu Solutions for £15.4m cash, its second acquisition in less than a week.

Daisy will purchase the trading assets of Telinet and certain trading assets of Ipotimi. Both companies supply data solutions, telephone systems, communications and connectivity solutions to mid-market customers.

"This deal will further strengthen Daisy's position as a leading provider of unified communications to the mid-market. The acquired businesses are well-established and recognised as key competitors in the data solutions and managed services market," said chief executive officer Matthew Riley.

The consideration will be made up of a £12.4m cash payment on completion and £3m deferred for up to two years.

On Thursday, Daisy acquired the Vodafone mobile service business of Outsourcery for £12m.

bc

Related share prices
Daisy Group (DAY) share price