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PomeGran Acquires ROCK Networks to Expedite Growth and Transform Rural Connectivity Across Canada

Feb 26, 2024•almost 2 years ago

Acquiring Company

PomeGran

Acquired Company

ROCK Networks

TorontoOttawaTelecommunicationsWirelessHardwareInternetSatellite CommunicationWirelessHardwareManufacturing

Description

PomeGran Inc., Canada’s leading fibre-centric rural broadband provider, has acquired ROCK Networks Inc., one of Canada’s leading broadband service providers and telecom systems integrator. This strategic move solidifies PomeGran’s position as the leading provider of rural broadband services in Canada, and underscores its dedication to bridging the digital divide among urban, underserved, and Indigenous populations across both Canada and the United States. The acquisition of ROCK Networks will accelerate PomeGran’s expansion plans, introducing a range of substantial projects and initiatives aimed at enhancing connectivity in underserved regions.

Company Information

Company

PomeGran

Location

75 International Blvd

Toronto, Ontario, Canada

About

PomeGran Inc. stands as one of North America's foremost fibre-centric broadband infrastructure providers. Dedicated to enhancing broadband services, PomeGran has emerged as a leader on a mission to empower underserved markets in Eastern Canada and the Northeastern US. Boasting ownership of broadband networks, underground and aerial fibre assets, and fixed wireless access (FWA) assets, PomeGran is committed to bridging the digital divide that exists between urban, rural, and Indigenous communities. Founded on the fundamental principle of ensuring equitable access to high-speed internet, PomeGran believes that everyone deserves the opportunity to participate in today's digital-first economy.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed