M Group Services acquires telecom network specialist

La Salle can reveal that infrastructure giant M Group Services have acquired Bristol-headquartered Avonline Networks who employ 90 staff across offices in Cardiff and Northumberland.

Businesses acquired: Avonline Network Services Ltd

Activities: Incorporated in 2016, the company is principally involved in providing voice and data communication over worldwide telecom and internet networks. They have delivered £500million worth of projects and have installed services to over 4 million homes
----------------

Purchaser: M Group Services Limited

Activities: Formerly known as Thor Bidco Ltd and incorporated in 2016, the company headquarters is located in Stevenage. The company delivers essential infrastructure services across Transport, Data, Utilities and Telecomms.

----------------

Additional info:

Jim Arnold, M Group Services chief executive commented: "The next decade is set to bring the biggest expansion in UK telecom networks since the original BT copper build, driven by business and consumer demand for ultrafast broadband, public policy and government incentives."

"Given the scope of its service capability and its position at the forefront of these next-generation network expansion programmes, Avonline Networks is ideally positioned to grow in the telecoms market with the support of M Group Services."

"This is an exciting acquisition that further enhances the scope of essential infrastructure expertise within our telecom division and we are delighted to welcome Avonline Networks to M Group Services."

Avonline Networks director Richard Hale added: "From nationwide fibre networks to in-building infrastructure for multiple dwelling units, Avonline Networks has been at the forefront of the UK’s next-generation network build and installation programmes for over 35 years."

"This acquisition marks an exciting new chapter in our growth and, as a part of M Group Services, we are now ideally placed to benefit from the financial scale of the Group and the growth opportunities this will bring."