Top Connect completes acquisition of TravelSIMshop.com

Telecoms firm Top Connect has completed the acquisition of Austrian-based TravelSIMshop.com and has transferred its users to its TravelSim brand.

Telecoms firm Top Connect has completed the acquisition of Austrian-based TravelSIMshop.com and has transferred its users to its TravelSim brand.

The deal adds more than 120,000 customers to TravelSim, the data and call roaming service has more than five million regular users including business and leisure travellers.

The value of the buyout was not disclosed.

Most of TravelSIMshop.com’s customers are based in Western Europe, the company’s headquarters is based in Vienna, Austria.

Max Rivshin, chief executive of Top Connect, said: “We are delighted to welcome TravelSIMshop into our family of companies and this has been a very natural transition for both organizations.

“The management of both companies have been talking about this for years and have a long standing business relationship for more than a decade. We share the same client demographics, operate in similar markets, and even have very similar sounding names.

“It made perfect sense for us to amalgamate and to merge under one brand, especially since many customers had already thought we were one company.”

Mikhail Markin, head of product development at TravelSIMshop.com, said: “As part of this acquisition, we took immediate care to make sure that all our new clients feel at home by providing all the necessary access to live and web-based support lines.”