TXO, backed by private equity firm TowerBrook Capital Partners, has acquired Lynx UK Ltd, a specialized network decommissioning and engineering solutions provider. The deal aligns with TXO's circular economy and sustainability strategy for telecom networking equipment. Financial terms of the acquisition were not disclosed.
TXO, founded in 2005, is based in Chepstow, Wales. The company had 260 employees ahead of the Lynx acquisition. TXO provides telecom network hardware and asset management services -- for the sourcing, maintenance, reuse, recycling and disposal of communications infrastructure.
TXO offers asset recovery solutions for clientele in such sectors as telecom services; data centers; utilities; oil, gas & renewable energy; and civil, government & critical communications. The company also stocks roughly one million parts for multi-vendor networking equipment.
Lynx, founded in 2005, is based in Andover, Hampshire, England. The company has roughly 80 employees who offer decommissioning, asset management, engineering and test and repair services. Lynx also purchases and resells out-of-service telecom and networking equipment to more than 800 customers worldwide. The company stocks over 170,000 parts across 50,000 square feet of warehouse space.
The combined TXO-Lynx business will support global carriers across five continents, including Australia where the company launched a new hub in November 2023.
M&A: Executive Perspectives on Sustainable Networking Equipment Opportunity
In a prepared statement about the acquisition, TXO CEO Darren Pearce said: “The acquisition of Lynx strengthens TXO’s position as a strategic partner for operators looking to transform their networks, reduce their carbon footprint, increase capital efficiency and sustainably retire legacy equipment. We are excited to welcome our new Lynx colleagues to TXO and believe their expertise will be crucial in bringing about our shared mission of delivering solutions that embed circular economy principles in the telecoms industry. Thanks to our private equity investor, we are constantly looking for opportunities to expand our footprint through strategic acquisitions and partnerships with like-minded, experienced teams. Expect to see more of this from TXO in the future.”
Concluded Lynx CEO Lyn Pickering: “TXO shares our vision for how the telecoms market should function sustainably and the cultural mindset needed to ensure the growth of sustainable networks. I’m incredibly excited by the growth potential of the group and the new opportunities it will bring for our newly combined teams. By joining TXO, we will be able to extend our impact globally, driving innovation, efficiency, and sustainability in the ever-evolving landscape of the telecoms industry.”