Comms firm continues acquisition spree

Bill Dawson

Solihull comms firm Wavenet is pushing ahead with its acquisition spree, swooping for Shropshire-based NTS Communications.

The deal comes after private equity investor Beech Tree announced in May it sold Wavenet, the cloud telecoms, IT and technology managed services provider, to Macquarie Capital Principal Finance.

NTS provides a portfolio of contact centre, unified communications, cloud and IT services to UK and international customers. The acquisition of NTS further boosts Wavenet’s presence and position in the UK market and adds more experienced technical support and knowledge to the wider Wavenet Group.

Alan Pallett, director of 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, said: “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.

The NTS deal comes after a string of acquisitions for Wavenet, which bought Portal, a business based in Norfolk, in a multi-million pound deal in February 2020 as it continues its buy and build strategy.

The transaction follows the acquisitions of Via in January 2020, a leading Microsoft Teams telephony provider, and builds on the previous acquisitions of Solar, APR, Swains and Talk Internet.

Then last November it acquired Hertfordshire-based Qubic, a specialist cloud, voice and data supplier.

 

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