Solihull firm acquisition creates £40m-turnover global business
Solihull’s MMX Communications has been acquired by a telecoms company in a deal which creates a £40m-turnover global business.
TXO Systems has created a combined business with 225 employees across a network of six offices in the UK, US, Brazil and Australia.
Founded in 2005 and operating on five continents, TXO Systems has more than 1,000 customers globally, and these include 75 per cent of the top 100 telecoms companies.
The deal follows a period of sustained year-on-year organic growth for TXO, driven by international expansion and a global customer base.
“Our clients will benefit directly from our expanded services,” said TXO Group CEO Darren Pearce.
“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.
“Together they bring a new dimension to our customer offer and give 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.”
Neil Bartlam, managing director of MMX Communications, added: “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 brand name as part of the wider TXO Systems Group.
Established in 2010, MMX Communications is one of the largest privately-owned specialists in support services to the UK communications sectors.
From its HQ in Solihull its 80-strong team provide a unique combination of telecoms repair, field-based support and spare parts management services to its customer base, which includes the likes of Virgin Media, major UK utilities companies and National Air Traffic Services.
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