Wavenet has acquired Excell Group as part of a cunning plan which will see its cloud and workspace business grow and push revenue above £100 million.
The Excell Group buyout is being billed as the “largest deal in Wavenet’s history” and will give the business increased scale and a “true London presence”.
It will also give the company a business centre infrastructure arm.
Excell offers AV, mobile and cloud solutions and turned over around £45 million in its 2019 financial year and claims to offer
It is Wavenet’s third acquisition since it sold a majority stake to investor Macquarie earlier this year. The firm previously acquired NTS Communications and Internal Systems.
Wavenet claims that its annual turnover now exceeds £100 million with Excell on board.
Wavenet CEO Bill Dawson said that Excell is the largest and most exciting acquisition his outfit has made so far.
“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. Although Excell’s passionate focus on customer happiness closely reflects the values that everyone at Wavenet is dedicated to, the combined capability will meaningfully benefit our customers, partners, and employees. I am extremely proud of our teams and look forward to continuing our growth and success as we integrate Excell into the Wavenet Group.”
Excell chairman Darren Strowger 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. Wavenet’s vision and values align completely with those that we already hold at Excell, which will not only enable a smooth integration but will quickly enhance the service provided to our customers.
