Dialog completes acquisition of H One

Tuesday, 12 January 2021 01:36 - - {{hitsCtrl.values.hits}}

Dialog Group CEO Supun Weerasinghe

Leading telecom service provider Dialog Axiata PLC Group has completed the acquisition of H One Ltd., to further enhance its expansive suite of enterprise solutions and acceleration of the digital transformation of the country’s enterprise sector.

The move follows the two parties entering into a share sale and purchase agreement on 23 December 2020. The purchase was completed on 7 January pursuant to the satisfaction of all conditions precedent to the transaction as stipulated in the agreement.

The original announcement said the purchase consideration would be between Rs. 300 million to Rs. 350 million on a cash-free debt-free basis. The latest disclosure by Dialog didn’t reveal the final purchase price.

Dialog's acquisition is through fully owned subsidiary Dialog Broadband Network Ltd., and H One was owned by Hirdaramani Group.

H One, founded in 2008, is the largest reseller of Microsoft enterprise solutions in Sri Lanka with an annual turnover of Rs. 1.6 billion.

Dialog in its original announcement said the acquisition of H One would supplement Dialog’s expansive suite of enterprise solutions and would facilitate acceleration of the digital transformation of Sri Lanka’s enterprise sector.

"The combine of Dialog’s expertise in advanced digital technologies and the leading-edge capabilities of H One will create a Centre of Excellence for the scaling of Microsoft Platforms and Enterprise Solutions," Dialog Group CEO Supun Weerasinghe said.

H One said, following acquisition by Dialog, it hopes to rapidly scale its business in the region whilst maintaining the close-knit customer-centricity and DNA that has made it an award-winning team.

H One delivers innovative digital transformation solutions for businesses in the region and their clientele ranges from medium scale businesses to large conglomerates. The company has earned a reputation for empowering clients across industries with the most innovative technology solutions. A premier cloud deployment partner and regional consultant to Microsoft Services, H One specialises in complex migrations and the adoption of global best practices. H One’s award-winning engineers also focus on IT strategy, end-to-end infrastructure solutions, ERP deployment and Enterprise Grade support services. H One has also maintained a consistent track record as Microsoft’s No.1 Partner in Sri Lanka, earning recognition for excellence in performance and service over the years.