Wavenet acquires Excell Group to push revenue above £100m

Acquisition is ‘largest deal in Wavenet’s history’

Wavenet has acquired Excell Group in a deal that will grow its cloud and workspace business and push its revenue above £100m.

Described as "the largest deal in Wavenet's history", the acquisition of Mitel, Avaya and Vodafone partner Excell Group will give the business increased scale and a "true London presence", Wavenet claims.

The deal will also bring Wavenet a "unique" business centre infrastructure arm.

Founded in 1992, Excell Group turned over around £45m in its 2019 financial year and claims to offer AV, mobile and cloud solutions.

Excell Group is Wavenet's third acquisition since it sold a majority stake to investor Macquarie earlier this year. The firm previously acquired NTS Communications and Internal Systems.

With the Excell deal, Wavenet claims that its annual turnover now exceeds £100m.

"Excell is the largest and most exciting acquisition we have made to date, bringing new services and a talented team into the Wavenet Group. This acquisition represents a huge step forward in our growth plans, giving us a stronger presence in the south of the UK and adding experience in growing service areas including flexible workplaces and cloud," said Bill Dawson, CEO of Wavenet.

"Excell's passionate focus on customer happiness closely reflects the values that everyone at Wavenet is dedicated to, the combined capability will meaningfully benefit our customers, partners, and employees. I am extremely proud of our teams and look forward to continuing our growth and success as we integrate Excell into the Wavenet Group."

Excell chairman Darren Strowger added: "Following almost 30 years of growing our business into a dynamic and trusted organisation, we felt the time was right to take the next step and we couldn't have found a better partner for that than Wavenet. Wavenet's vision and values align completely with those that we already hold at Excell, which will not only enable a smooth integration, but will quickly enhance the service provided to our customers.