The acquisition is the latest move in TXO’s ongoing strategy to become the leading supplier of circular economy telecom network solutions, services and products, to the global telecoms industry
Chepstow, 11th January 2024: TXO, the leading provider of end-to-end circular telecom network solutions, today announces the acquisition of TEQPORT in Solingen, Düsseldorf, a tech-enabled network service provider with asset recovery and decommissioning expertise, to expand its global presence.
With the addition of TEQPORT, TXO strengthens its proposition of helping the telecoms industry enhance sustainability through circular economy solutions that optimise the lifecycle of telecom networks globally and maximise financial and environmental benefits. TEQPORT’S decommissioning and asset recovery expertise help operators streamline their infrastructure, leading to cost & energy savings and an overall improvement in the quality of the network. This is another significant expansion for TXO, with the company announcing the addition of Lynx UK Ltd, a specialist network decommissioning and engineering solutions provider in December.
Darren Pearce, Group CEO of TXO, said: “Combining with TEQPORT in Germany and joining forces with Sebastian Neubeck and his leadership team show TXO is getting bigger, bolder and better as it prepares to take on 2024. We aim to become the premier circular economy services provider for the global telecoms industry. Alongside the acquisition of Lynx UK and several additions to our leadership team at the end of last year, this move shows that TXO is taking its vision for the circular economy in global telecoms up a gear.”
Sebastien Neubeck, Co-Founder and CEO, of TEQPORT, will lead the growth of the combined German operation. Sebastian added: “By becoming part of the TXO family, the TEQPORT team will continue to support businesses with vital equipment recovery, decommissioning and recycling services. We’ve had significant success in doing this with our proprietary project management and service delivery software, ‘Reversys’, and under the TXO banner, we will push towards our shared goal of driving a more cost-efficient and environmentally friendly telecoms industry.”
With the 25-strong TEQPORT team joining the TXO Group, TXO is even better positioned to serve the global telecoms industry, with a physical presence in Europe, North America, South America, Africa and Australia. Alongside this and the newly added Lynx UK team, TXO’s team of global specialists has now grown to 365 across five continents. The expansion particularly enhances TXO’s offerings in the UK and Europe, reinforcing its commitment to serving the region’s tier-one mobile and fixed operators.
This is the latest in a series of moves from TXO to grow its offering, expand globally and become the number-one partner for asset management and circular economy initiatives across the telecoms space. The acquisition forms part of TXO’s global strategy to be the leading circular economy service partner for network operators and OEMs, both organically and through strategic acquisitions.
ENDS
NOTES TO EDITOR
About TXO
TXO is the world’s leading provider of critical telecom network hardware and asset management services.
With close to one million parts, our huge stock of multi-vendor networking equipment sets us apart from the rest. Through a combination of our products and services, we can enhance productivity and secure the future of telecom operations. Additionally, we design specifically tailored solutions using our extensive product knowledge, helping with the maintenance and progression of telecom networks.
We also provide asset recovery solutions for our clients across a wide variety of disciplines, such as telecoms, data centres, utilities, oil, gas & renewable energy and civil, government & critical comms. Here our goal is to support companies to achieve their sustainability targets while maintaining high standards.
TowerBrook Delta (TowerBrook), an affiliate of global private equity firm TowerBrook Capital Partners, recently acquired a majority stake in TXO as one of the first investments for its dedicated impact strategy.
PR Archives: Latest, By Company, By Date