Indigo Telecom, a telecoms firm backed by Maven Capital Partners, has acquired Belcom247, which provides telecoms services.
Indigo Telecom specialises in the design, planning, build, supply, management and support of telecommunications networks around the world.
Belcom247 is a provider of field engineering and datacentre connectivity solutions and its customers include telecommunications service providers, datacentre operators and global enterprises.
The acquisition will broaden Indigo Telecom’s portfolio of services and geographical reach. The enlarged group will have annual revenues of £28 million and an EBITDA of £3 million.
Maven led the management buyout of Indigo from its parent company TTG-Global in 2016 with a £12 million funding package to help accelerate its growth, which included additional funds to support a buy and build strategy.
Andrew Symmonds, Investment Director at Maven, said: “Maven has always supported a buy-and-build strategy as part of the investment in Indigo. We remain highly supportive of the management team, its strategy to grow the business and to deliver to customers an increasing range of services worldwide.”
Stephen Thompson, CEO of Indigo Telecom, added: “Indigo and Belcom247 have been closely working together over a number of years. The benefit of bringing the two companies together is another step in realising the strategic intent of Indigo to become a global leader in the provision of managed services to our customers. This deal addresses our need to offer both existing and new customers a broader portfolio of services and greater geographical reach.”