Eight Advisory supported TXO, a TowerBrook portfolio company, as part of its acquisition of Teqport Services
Eight Advisory supported TXO, a UK-based provider of end-to-end circular telecom network solutions sponsored by PE firm TowerBrook, with financial and tax due diligence services in the acquisition of Teqport Services, a German tech-enabled network service provider with asset recovery and decommissioning expertise.
With the addition of TEQPORT, TXO strengthens its proposition of helping the telecoms industry enhance sustainability through circular economy solutions that optimise the lifecycle of telecom networks globally and maximise financial and environmental benefits. TEQPORT’s decommissioning and asset recovery expertise help operators streamline their infrastructure, leading to cost & energy savings and an overall improvement in the quality of the network. This is another significant expansion for TXO, with the company announcing the addition of Lynx UK Ltd, a specialist network decommissioning and engineering solutions provider in December.
With the 25-strong TEQPORT team joining the TXO Group, TXO is even better positioned to serve the global telecoms industry, with a physical presence in Europe, North America, South America, Africa and Australia. Alongside this and the newly added Lynx UK team, TXO’s team of global specialists has now grown to 365 across five continents. The expansion particularly enhances TXO’s offerings in the UK and Europe, reinforcing its commitment to serving the region’s tier-one mobile and fixed operators.
This is the latest in a series of moves from TXO to grow its offering, expand globally and become the number-one partner for asset management and circular economy initiatives across the telecoms space. The acquisition forms part of TXO’s global strategy to be the leading circular economy service partner for network operators and OEMs, both organically and through strategic acquisitions.
Our experts provided financial and tax due diligence services to TXO as part of this acquisition:
Financial due diligence:
- Dennis Ginzkey
- Danka Ruzic
- Jozsef Dekany
Tax due diligence:
- Matthias Hogh
- Frank Wallbott
- Karoline Mielnik