Alchemy Partners acquires optical fibre company Geo for £62m

Geo owns a 2,500km optical fibre network across the UK. It also owns an 80km fibre network in Thames Water's sewer network in London. The company designs and builds bespoke data networks for UK businesses including Carphone Warehouse, Tiscali and 3UK.

Jon Moulton, managing partner, Alchemy Partners, said, 'We are delighted the acquisition of Geo has completed. The company's innovative business model, high quality bespoke services and excellent track record provide it with a unique position in a sector full of "me too" operators. We look forward to working with Geo's experienced management team to continue the growth of this exciting young company.'

Alchemy was established in 1997. The firm looks for equity investments of between £25m and £160m.

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