Indigo Telecom Group’s acquisition of 4site was mentioned on fibre systems website 24/11/2020, as part of their round up of 2020 developments in telecoms. Keely Portway counts down some of the most-viewed and industry-shaping news stories of 2020.
In what will probably always be remembered as the period of ‘calm before the storm,’ 2020 started very much where 2019 left off in terms of a significant trend for mergers and acquisitions.
This is by no means a new occurrence for 2020, or even 2019! The optical communications sector has experienced a few particularly active years in mergers and acquisitions. It should probably come as no real surprise then, that the most-read news story of January 2020, according to Fibre Systems’ website analytics, was the news that network design consultancy 4site was acquired by Indigo Telecom Group.
The acquisition was designed to complement Indigo’s capability in the supply of multi-vendor telecom support services, by adding 4site’s design and planning expertise in delivering specialist fibre, and mobile wireless services. The agreement created a combined business with an annual turnover in excess of £50m, backed by some 300+ employees across the UK, Ireland, France, Germany and Singapore. Kevin Taylor, chairman of Indigo said: ‘The synergies between our two businesses presents significant opportunities for continued growth and we see huge benefit for our customers from our expanded portfolio of services.
‘Both organisations have strong reputations for delivering industry excellence in consulting, projects, delivery and service, and we are very excited by the opportunity this will provide to both our employees and our customers.’
Read the full Fibre Systems article here.