- Teqport is based in Düsseldorf, Germany
- TXO is a critical telecom network hardware and asset management service provider
- TowerBrook is a global private equity firm
TXO, backed by TowerBrook Capital Partners, has acquired Teqport, a tech-enabled network service provider, to expand its global presence.
Teqport is based in Düsseldorf, Germany.
Teqport’s addition will enable TXO to strengthen its proposition of helping the telecoms industry enhance sustainability through circular economy services that optimise the lifecycle of telecom networks globally and maximise financial and environmental benefits, according to a release.
TXO also acquired Lynx UK, a decommissioning and engineering service provider, in December. Alongside this and the Lynx UK team, TXO’s team has now grown to 365 across five continents, the release said.
“Alongside the acquisition of Lynx UK and several additions to our leadership team at the end of last year, this move shows that TXO is taking its vision for the circular economy in global telecoms up a gear,” said Darren Pearce, group CEO of TXO.
TowerBrook Delta, an affiliate of global private equity firm TowerBrook Capital Partners, recently acquired a majority stake in TXO as one of the first investments for its impact strategy.
TXO is a critical telecom network hardware and asset management service provider. It is based in Chepstow, Wales.
TowerBrook is a global private equity firm based in London and New York.
No financial details of the transaction were disclosed.