Wavenet acquires Excell Group

Wavenet has announced the acquisition of Excell Group for an undisclosed consideration, marking an exciting transition for both businesses as their combined expertise puts them in a real position of strength.

Wavenet, an award-winning, leading UK supplier of business telecommunication and technology solutions, backed by Macquarie Capital, is advancing its cloud and workspace offering by adding the experience and infrastructure of Excell Group into its solution and service portfolio. This acquisition will significantly bolster Wavenet Group’s market share in the cloud and workspace market and strengthen its place as one of the UK’s leading managed service providers to businesses for fully converged data, voice, cloud, and IT.

Excell Group has grown steadily since its inception through both organic and acquisitive means, expanding its network, portfolio and creating a hugely successful business centre service for landlords and serviced offices.

The Excell acquisition is the third addition to the Wavenet Group since Macquarie’s majority ownership was announced six months ago. With the acquisition of NTS Communications and Internal Systems Limited, Wavenet now provides services to over 10,000 businesses, and has an annual turnover climbing to more than £100m.

The acquisition of Excell brings the benefits of increased scale, true London presence and the unique business centre infrastructure arm to the already comprehensive portfolio of services and solutions that Wavenet can provide to its customers.