Thu, 02 Feb 2023 | BUSINESS SALE
London-based cloud technology firm Babble has continued its rapid acquisitive growth with the takeovers of two companies. The company has announced the acquisitions of Avandda and Corporate Wardair Limited (CWL), bring its total acquisitions up to 27 since the start of 2019 and 12 over the past year.
Avandda is a Cheshire-based provider of telecoms and IT services to 320 customers across a range of sectors. The acquisition will add scale to Babble’s comms business, while strengthening its presence in the North West, following the firm’s previous acquisitions of other companies in the region, including Activ, Concert and Vivio.
CWL is a mobile services provider based in Gateshead which currently serves around 7,700 O2 mobile connections. The acquisition strengthens Babble’s mobile offering and position as a key O2 partner, following on from its 2022 acquisitions of providers ADSI and Vivio.
According to a recent report from ICON Corporate Finance, Babble is the UK’s second most acquisitive company. The group’s M&A strategy sees it target regional businesses as it looks to become the UK’s largest managed cloud services provider, delivering support across the country while addressing specific local needs through a network of regional hubs.
Babble CEO Matt Parker commented: “The challenges British businesses are facing make us more determined than ever to become a stronger partner for SMEs by continuing our growth.”
“CWL and Avandda are the latest part of this journey and will add scale to our Mobile and Comms pillars, bringing important expertise and benefits to Babble and our customers, as well as adding some fantastic new customers and mobile connections to our network.”
“We’ll be sharing our own experience across contact centre, cyber, mobile and communications to a raft of new customers, helping them grow faster and advance different areas of their organisations. We’re determined to continue expanding our footprint across all corners of the country, whilst providing local, personal support to the businesses that make up the backbone of the UK’s economy.”
Find out more about private equity-backed M&A growth strategies.
Read more on what's driving M&A in the UK telecoms industry.
Find businesses for sale here.
If you are looking for an exit, we can help!.
Stock forecasting is a challenge for most companies, if inventory is not well managed the enterprise will face an increase in costs and even it can register losses. This stock management software solution provides an optimal forecast so that the ente...
An unparalleled chance to own a thriving Ag-Tech company with a robust market standing. The business is renowned for its pioneering role and leadership in the agricultural technology sector.
This innovative digital health and integrated care technology provider offers a unique suite of products designed to support the independent living of older people, using advanced IoT sensors and machine learning for effective falls detection and pre...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.