Published: Oct 01, 2017
Focus: Growth Capital
Acquisition adds a range of additional services and geographical reach to strengthen Indigo’s capabilities customer offering and market position
Enlarged Group has revenues of £28m; EBITDA doubles to c.£3m
Maven-backed Indigo Telecom Group (Indigo), a leading provider of multi-vendor managed and project services to Tier 1 and 2 telecom network operators, equipment vendors, multi-national corporations and government clients, today announced the acquisition of Belcom247 (Bellcom UK Ltd). The deal demonstrates the successful execution of the Indigo’s buy and build strategy and combines two trusted and experienced providers of remote managed services and expands their capabilities on a global basis.
Indigo specialises in the design, planning, build, supply, management and support of UK, European and global telecommunications networks.
Belcom247 is a trusted, specialist provider of field engineering and data centre connectivity solutions worldwide. Belcom247 provides mission critical network installation and maintenance services to many major data centres across Europe and Asia. Over the past decade, Belcom247 has built an impressive customer base of telecommunications service providers, data centre operators and global enterprises.
In July 2016, Maven led the MBO of Indigo to acquire the business from parent TTG-Global Limited. The business benefitted from a £12m funding package to help accelerate its growth, which included additional funds to help support a buy and build strategy. Today’s acquisition of Belcom247 is highly complementary to Indigo’s current offering, and will help broaden its portfolio of services and geographical reach.
Andrew Symmonds, Investment Director at Maven, said: “Maven has always supported a buy-and-build strategy as part of the investment in Indigo. We remain highly supportive of the management team, its strategy to grow the business and to deliver to customers an increasing range of services worldwide.”
Stephen Thompson, CEO of Indigo Telecom Group, added: “Indigo and Belcom247 have been closely working together over a number of years. The benefit of bringing the two companies together is another step in realising the strategic intent of Indigo to become a global leader in the provision of managed services to our customers. This deal addresses our need to offer both existing and new customers a broader portfolio of services and greater geographical reach. Belcom247’s experience, specifically within APAC, will enable Indigo to provide additional value to customers who recognise that a ‘One Stop Global’ service approach provides significant commercial and operational benefits.”
John Giblin, Managing Director of Belcom247, commented: “We are delighted to join the team at Indigo at a time when global enterprises are upgrading and expanding their networks at unprecedented speed. Our complementary product portfolios and expanded global footprint will allow us to respond even faster to the evolving needs of customers. Our business’ heritage and culture fit very well together and the combined talent going forward is the best in the industry. This acquisition will enable us to provide growth and opportunities for our customers, partners and employees alike.”