(l-r) John Giblin (Belcom247), Stephen Thompson (Indigo), Steve Cardwell (Belcom247).
The acquisition has been supported by a finance package from HSBC and private equity firms, YFM Equity Partners and Maven Capital Partners.
Indigo Telecom Group, a provider of multi-vendor managed and project services to telecom network operators, equipment vendors, multi-national corporations and government clients, has announced the acquisition of Belcom247 (Bellcom UK Ltd).
The acquisition has been supported by HSBC and private equity firms, YFM Equity Partners and Maven Capital Partners. HSBC has refinanced the business and provided an additional funding facility.
The deal brings together two long-standing providers of remote managed services and expands their capabilities on a global basis.
Indigo Telecom Group specialises in the design, planning, build, supply, management and support of UK, European and global telecommunications networks, while Belcom247 is a trusted, specialist provider of field engineering and data centre connectivity solutions worldwide.
Belcom247 provides mission critical network installation and maintenance services to many major data centres across Europe and Asia. Over the past decade, the firm has built an enviable customer base of telecommunications service providers, data centre operators and global enterprises.
Stephen Thompson, CEO of Caldicot-based Indigo Telecom Group, said: “Indigo and Belcom247 have been closely working together over a number of years, so bringing the two companies together supports our strategic intent to become a global leader in the provision of managed services to our customers.
"HSBC has been incredibly supportive of our plans to acquire Belcom247 and was able to put a very competitive finance package in place to help us realise our ambition.
"We were impressed by its international credentials which will help us grow our overseas subsidiaries, and in particular with our new relationship director, Jason Bryant, who has helped the deal complete seamlessly.”
James Shepherd, HSBC’s area director for corporate banking, added: “Indigo is a leading telecoms business in Wales with a pan-European reach so we’re able to support its global ambitions via our international network.
"We are looking forward to a long and fruitful relationship with Stephen and the team as they continue their growth plans in the coming years.”
John Giblin, managing director of Belcom247, said: “We are delighted to join the team at Indigo at a time when global enterprises are upgrading and expanding their networks at unprecedented speed.
"Our complementary product portfolios and expanded global footprint will allow us to respond even faster to the evolving needs of customers.
"Our heritage and culture fit very well together and the combined talent going forward is the best in the business.
"This acquisition will enable us to provide growth and opportunities for our customers, partners and employees alike.”
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