The acquisition will advance Wavenet’s cloud and workspace offering by adding communications solution provider Excell Group’s experience and infrastructure to its solution and service portfolio.
Excell Group has grown steadily since its inception through both organic and acquisitive means, expanding its portfolio and creating a business centre service for landlords and serviced offices.
Wavenet’s latest news marks its third acquisition since Macquarie’s majority ownership was announced six months ago. Adam Joseph, head of private equity for Macquarie Capital Principal Finance Europe said that the company is proud to support the expansion of Wavenet as digital connectivity and innovative technology services become ‘ever more important’.
With the acquisition of NTS Communications and Internal Systems Limited, Wavenet now provides services to over 10,000 businesses and has an annual turnover of more than £100m.
CEO of Wavenet Bill Dawson (pictured) described Excell as the company’s most exciting acquisition to date, commenting: “This acquisition represents a huge step forward in our growth plans, giving us a stronger presence in the south of the UK and adding experience in growing service areas including flexible workplaces and cloud.”
He added that Excell’s ‘passionate focus’ on customer happiness closely reflects Wavenet’s own values, and that the companies’ combined capability will meaningfully benefit customers, partners and employees.
Darren Strowger, chairman of Excell Group added: “Following almost 30 years of growing our business into a dynamic and trusted organisation, we felt the time was right to take the next step and we couldn’t have found a better partner for that than Wavenet.”