Wavenet has announced the acquisition of NTS for an undisclosed consideration. The company said the acquisition boosts its presence and position in the UK market and adds more experienced technical support and knowledge to the wider Wavenet Group.
This announcement comes five months after Wavenet entered into a new partnership with Macquarie Capital following the exit of private equity investor Beech Tree.
NTS provides a portfolio of contact centre, unified communications, cloud and IT services to UK and international customers. Alan Pallett, director at NTS Communications, said, “It has been great working with the Wavenet team throughout this process, the acquisition of NTS is a truly exciting opportunity for all of our customers and our staff.
“Being part of the Wavenet Group will give our customers access to further capabilities to adopt innovative and cloud-based Contact Centre, telecoms and IT solutions that are part of Wavenet’s large portfolio and will also give them access to their first-class customer and technical support.”
Bill Dawson, CEO of Wavenet (pictured), added, “NTS join Wavenet at the start of another period of massive growth, this brings fantastic opportunities for the customers and employees of NTS. The acquisition also brings additional IT and Cloud experience into the Wavenet Group which combined with Wavenet’s existing portfolio gives our customers a vast range of solutions to help make their business brilliant.
“With hybrid working now at the forefront of everyone’s minds it’s brilliant that NTS customers will have access to Wavenet’s cloud solutions including TeamsLink for Microsoft Teams that can quickly and easily implement external calling within Teams to enable remote and home working for businesses across the UK. I am excited to have the team at NTS joining the Wavenet Group and am looking forward to bringing our expertise and support to their customers.”
The shareholders of NTS were advised by Graham Muth, Emily Proverbs-Garbett and Esther Thomas of Fieldfisher, and Paul Billingham and James Caplan of Knight Corporate Finance.