Chepstow-based global leader in end-to-end sustainable technology lifecycle solutions, TXO, has acquired Canadian firm Wesbell Communications.
Wesbell, a leading technology solutions provider, supports tier one telecoms operators, hyperscalers and data centre customers with network and engineering services, managed services, asset recovery, and third-party maintenance.
Strategic Growth and Expansion
The acquisition, the value of which has not been disclosed, forms part of TXO's growth strategy, combining organic growth with targeted acquisitions of innovative technology-led businesses.
Oliver Lemanski, chief executive of TXO, whose international expansion is being supported by private equity firm TowerBrook Delta having acquired a majority stake in 2023, said: “Wesbell is an exceptional business with great people, deep technical expertise and capabilities that complement TXO extremely well.
“This acquisition is about much more than expanding our footprint. It broadens our end-to-end technology lifecycle offering, adding expertise and capacity to enhance the solutions we already deliver for customers across the globe.
“We are delighted to welcome the Wesbell team to TXO and thank TowerBrook Delta for their continued support for this exciting growth journey.”
Leadership Perspectives
Dave Rose, chief executive of Wesbell Communications, said: “Joining TXO is an exciting next chapter for Wesbell. We are incredibly proud of what our people have built, the technical expertise within our team and the trust we've earned by solving complex challenges for our customers.
“TXO shares our customer-first approach and brings global scale and capabilities across the technology lifecycle. Together, we have a real opportunity to invest in our people and capabilities, offer more to our existing customers, and bring Wesbell's expertise to customers across the TXO Group worldwide.”
Deal Advisers and Company History
The transaction was led by Phil Miller, chief corporate development director at TXO, with DLA Piper acting as legal adviser and Eight Advisory as financial adviser.
TXO was founded in 2005. In 2019 it acquired MMX Communications Services, which provided specialist repair and support expertise. In 2023 it acquired Lynx UK in a deal that strengthened its network decommissioning capabilities. In 2024 it acquired Germany-based TEQPORT, extending its European presence, and last year US-based AirWay Group.
