Dec-28 Dialog Axiata to Acquire H One.
Dialog Axiata PLC, Sri Lanka’s premier converged connectivity provider announced on 23 December 2020 that it had entered into an agreement to acquire 100% shareholding in H One private limited, through Dialog Broadband Network private Limited (DBN), a fully owned subsidiary of Dialog. H One founded in 2008 as a subsidiary of Hirdramani Group, is the largest reseller of Microsoft (MSFT) enterprise solutions in Sri Lanka with an Annual Turnover of circa LKR 1.6 Billion. The transaction is expected to be completed before the end of January 2021, at a Purchase Consideration of between LKR 300 Mn to LKR 350Mn on a cash free debt free basis.
The acquisition of H One by Dialog would supplement Dialog’s expansive suite of enterprise solutions and would facilitate the 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 Center of Excellence for the scaling of Microsoft Platforms and Enterprise Solutions stated Supun Weerasinghe, Group Chief Executive of Dialog Axiata PLC.
H One is the leading Microsoft services provider in Sri Lanka delivering innovative solutions to many top corporates in county. We are confident innovative solutions to many top corporates in the country. We are confident that Dialog will continue to drive the consistent growth and innovation that has been a huge part of the company’s success to date. Hirdramani Group will support H One’s progress, as one of the largest users of Microsoft technologies in Sri Lanka, while focusing on our digital transformation journey in the years to come said Ranil Pathirana (Managing Director of Hirdramani Group) .
Hirdramani Group become the largest Enterprise player in Sri Lanka for Microsoft Solutions and have partnered with many customers over the years.