Telecom asset management firm TXO Systems has acquired UK-based 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.
Established in 2010, MMX Communications provides telecoms repair, field-based support (Field Force) and spare parts management services (SPMS) to its customers, which includes Virgin Media, major UK utilities companies and National Air Traffic Services (NATS).
MMX Communications employs approximately 80 staff at its base in Solihull.
The deal follows a period of sustained year-on-year organic growth for TXO, driven by international expansion and a global customer base.
TXO Group CEO Darren Pearce says: “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.
“The technical expertise within its team is impressive and its services are complementary to ours, which together bring a new dimension to our customer offer and gives us a unique position in the market. We’re excited about what these new capabilities mean for our customers and the growth of the market.”
TXO contributes to the circular economy in the telecoms sector. Every year, well over half a million telecoms parts are sustainably acquired, redeployed, resold and recycled by TXO. The addition of MMX’s operations, which include repair services, completes the circular economy loop.
Founded in 2005 and operating on five continents, TXO Systems has over 1000 customers globally, and these include 75% of the top 100 telecoms companies.
Neil Bartlam, MD of MMX Communications, says: “We’re proud to be joining the TXO Group, and this deal accelerates our long-term growth ambitions by becoming part of a leading, global business whose values mirror our own.”
MMX will continue to operate under its well-known brand name as part of the wider TXO Systems Group.