Great news for customers as TXO acquires MMX Communications
We are delighted to confirm that TXO has acquired UK-based telecom services company, MMX Communications.
The acquisition complements TXO’s expertise in the supply of multi-vendor telecoms network equipment by adding MMX Communications’ specialist support services into its group capabilities. The deal creates a combined business with an annual turnover close to £40 million and 225 employees across a network of six offices in the UK, US, Brazil and Australia. You can read more about MMX below.
TXO’s Group CEO, Darren Pearce said:
“The synergies between the two businesses present significant opportunities for continued growth and the acquisition marks the start of a new chapter in TXO’s success story.”
He added:
“Our clients will benefit directly from our expanded services. In MMX we’ve found a professional, well-respected and successful business that has a deep knowledge of the industry and a shared passion for delivering quality. The technical expertise within its team is impressive and its services are complementary to ours, which together bring a new dimension to our customer offer and gives us a unique position in the market. We’re excited about what these new capabilities mean for our customers and the growth of the market.”
Benefits to the circular economy
Working together, the two companies present a significant benefit to the circular economy.
TXO is key to the circular economy in the telecoms sector. Through our services, we greatly extend the lifetime of telecoms equipment. The asset management services we provide ensure there is a market for used network equipment. Every year, well over half a million telecoms parts are sustainably acquired, redeployed, resold and recycled by TXO. The addition of MMX’s operations, which include repair services, completes the circular economy loop.
Neil Bartlam, MD of MMX Communications said:
“With its financial backing and scale of operation, TXO is perfectly placed to support MMX’s growth plans and vision for the future. We’re proud to be joining the TXO group, and this deal accelerates our long-term growth ambitions by becoming part of a leading, global business whose values mirror our own.”
MMX will continue to operate under its well-known brand name as part of the wider TXO Systems Group.
If you have any further questions please contact your dedicated Account Manager or email info@txo-systems.com.
About MMX Communications
MMX provides fully integrated service solutions for clients operating in market sectors where high technology telecommunications assets are deployed.
It provides full lifecycle support to its customers’ telecommunications networks, which includes field maintenance, spare parts management, logistics services, equipment repair, repair vendor management, and warranty management for existing network infrastructure equipment, and de-installation, refurbishment, re-use, re-sale, recycling, and environmental disposal services for network infrastructure equipment that has reached the end of its life.
MMX works closely with industry leading network operators and equipment manufacturers and operate in the UK across the telecommunications, petrochemical, utilities, transportation, emergency services, local government, and defence markets.