Thu, 08 Nov 2018 | MERGER
Global investment firm, Digital Colony has acquired Open Cell Ltd, a mobile network that provides coverage for indoor spaces and plans to combine the business with Stratto Ltd, a leading provider of premium DAS and small cell networks.
The owners and management team of Open Cell will become shareholders of the merged company with Digital Colony being the majority shareholder.
Funded by Digital Colony’s existing equity commitment to Stratto, further capital was provided by the global investment firm to finalise the transaction.
Marc Ganzi, managing partner of Digital Colony, said: "Our goal from day one has been to build the leading digital infrastructure platform that delivers exceptional indoor and outdoor network solutions to the mobile network operators in the UK Combining Opencell's capabilities and active networks with the Stratto platform helps us accelerate those goals.
"We look forward to continuing to strengthen our relationships with our customers as well as positioning Digital Colony's UK digital infrastructure platform as the recognised leader in the small cell sector."
Established in October 2016, Stratto provides solutions to enterprise customers, property developers, owners and managers. The company has extensive experience in launching and scaling telecoms, technology, network and service companies.
Richard Bourne, chief executive of Stratto, said: "Opencell has an excellent reputation in the industry for providing innovative small cell solutions to its diverse customer base across various building types.
"Our two businesses and product sets are highly complementary and combining them will allow us to benefit from and strengthen each other's relationships with the mobile operators as we look to expand our customer base and deliver a broader range of small cell and DAS solutions."
Stratto and Digital Colony sought legal advice from law firm, Morgan, Lewis & Bockius while Fieldfisher advised Open Cell.
Long time established security business which provides highly trained manned guarding operatives to its blue chip clientele. The company provides a total security solution for its high profile corporate clientele. Operating in the premium sector. Of...
LEASEHOLD
Established 1981. Enviable reputation. Fantastic trading location. Semi-retirement sale. Offers invited.
LEASEHOLD
Fantastic 41 year trading history. Closed weekends. A new lease is available on the property. Offers invited.
LEASEHOLD
|
18
|
|
Jul
|
Filtermist International completes acquisition of industrial vacuum cleaner manufacturer | BUSINESS SALE
Filtermist International, an air extraction and filtration s...
|
17
|
|
Jul
|
Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION
A caravan manufacturing business in Preston is on the lookou...
|
16
|
|
Jul
|
Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE
A supply chain management company operating in the aviation ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources