Chepstow-based TXO Systems, a telecom asset management firm and ESTnet member, has increased its range of services and expanded into new sectors with the acquisition of Solihull firm MMX Communications.
The deal creates a combined business with an annual turnover approaching £40m and 225 employees across a network of six offices in the UK, US, Brazil and Australia. The acquisition complements TXO Systems’ expertise in the supply of multi-vendor telecoms network equipment by adding MMX Communications’ specialist support services into its group capabilities.
Established in 2010, MMX Communications provides a combination of telecoms repair, field-based support and spare parts management services to its client list, which includes Virgin Media, major UK utilities companies and National Air Traffic Services, among others. It will continue to operate under MMX Communications as part of the wider TXO Systems Group.
The deal follows a period of sustained year-on-year organic growth for TXO, driven by international expansion and a global customer base.
Group CEO Darren Pearce said: “Our clients will benefit directly from our expanded services. In MMX we’ve found a professional, well-respected and successful business that has a deep knowledge of the industry and a shared passion for delivering quality. We’re excited about what these new capabilities mean for our customers and the growth of the market.”