Momentum Corporate Finance LLP (“Momentum”) is delighted to announce its latest transaction, advising TXO, the leading provider of end-to-end circular telecom network solutions, on its agreed acquisition of Lynx UK Ltd (“Lynx”), a specialist network decommissioning and engineering solutions provider.
Lynx aligns with TXO’s global strategy of being a pioneer in the circular economy and supporting operators of all sizes as they expand and transform their networks in a sustainable way. The acquisition will bolster TXO’s team with over 80 highly skilled specialists offering turnkey decommissioning, asset management, engineering and test and repair services. These new employees will complement TXO’s existing team of over 260 telecom specialists, delivering a full-service circular economy proposition for major global carriers across five continents, including Australia where the company launched a new hub earlier this year.
Darren Pearce, Group CEO of TXO, said: “The acquisition of Lynx strengthens TXO’s position as a strategic partner for operators looking to transform their networks, reduce their carbon footprint, increase capital efficiency and sustainably retire legacy equipment. We are excited to welcome our new Lynx colleagues to TXO and believe their expertise will be crucial in bringing about our shared mission of delivering solutions that embed circular economy principles in the telecoms industry.
“Thanks to our private equity investor, we are constantly looking for opportunities to expand our footprint through strategic acquisitions and partnerships with like-minded, experienced teams. Expect to see more of this from TXO in the future.”
The transaction is expected to complete during December 2023.
