The Solingen-based tech-enabled network service provider specialises in asset recovery and decommissioning.
The move will boost TXO in its drive to help the telecoms industry enhance sustainability through circular economy solutions. Such solutions optimise the lifecycle of telecom networks and maximise financial and environmental benefits.
TEQPORT’S decommissioning and asset recovery expertise will help operators streamline their infrastructure, resulting in cost and energy savings, and an improvement in the network quality.
This builds on TXO’s addition of Lynx UK Ltd, a specialist network decommissioning and engineering solutions provider, announced in December.
Darren Pearce, group CEO of TXO, said, “Combining with TEQPORT in Germany and joining forces with Sebastian Neubeck and his leadership team show TXO is getting bigger, bolder and better as it prepares to take on 2024. We aim to become the premier circular economy services provider for the global telecoms industry. Alongside the acquisition of Lynx UK and several additions to our leadership team at the end of last year, this move shows that TXO is taking its vision for the circular economy in global telecoms up a gear.”
Sebastien Neubeck, co-founder and CEO, of TEQPORT, will lead the growth of the combined German operation. He said, “By becoming part of the TXO family, the TEQPORT team will continue to support businesses with vital equipment recovery, decommissioning and recycling services. We’ve had significant success in doing this with our proprietary project management and service delivery software, ‘Reversys’, and under the TXO banner, we will push towards our shared goal of driving a more cost-efficient and environmentally friendly telecoms industry.”
TEQPORT’s 25-strong team will join TXO, which, added to the Lynx UK team, expands TXO’s team of global specialists to 365 across five continents. The expansion enhances TXO's offerings in the UK and Europe, reinforcing its commitment to serve the region's tier-one mobile and fixed operators.