AO World, the electricals retailer, has swooped for A1 Comms, saving 73 jobs, following the Derbyshire mobile phone and communication solution provider’s fall into administration.
AO World has acquired certain assets of A1 Comms Limited, principally the intellectual property rights in and to the websites.
The consideration for these assets was £2.2m paid in cash.
A statement from AO says: “As AO seeks to expand its mobile proposition, the acquisition of the brands and platforms will provide AO with expertise and synergies that will accelerate this ambition. AO is also pleased to have saved 73 jobs through the transaction.”
