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.
Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...
FREEHOLD
Works with national communications networks and utility companies to provide rapid, reliable telegraph and utility pole services. Operates nationally, predominantly working with clients based across the Midlands. Works with market-leading, blue-chip...
LEASEHOLD
Supplies and installs a range of comprehensive passive fire protection systems in buildings throughout the UK. Services offered include structural steel protection, fire stopping, acoustic and air sealing and soffit insulation. In addition to its cor...
LEASEHOLD
|
08
|
|
Apr
|
Insurance broker bought out of administration | BUSINESS SALE
Flintshire-based insurance broker Staveley Head has been acq...
|
07
|
|
Apr
|
Treasury plan to save medium-sized businesses by taking emergency stakes | BUSINESS NEWS
The Treasury is understood to be considering user taxpayer m...
|
07
|
|
Apr
|
Clarks makes store closures and explores financing opportunities | COMMERCIAL PROPERTY
Footwear retailer Clarks has confirmed that it will close a ...
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