TXO, a provider specializing in recycled and second-life telecom equipment, has revealed plans to acquire Lynx UK, a specialist in network decommissioning and engineering solutions. Integrating the Lynx team, comprising over 80 professionals, into TXO enables the company to provide turnkey decommissioning, asset management, engineering, and test and repair services.
TXO stated that these new highly skilled employees would complement its existing team of over 260 telecom specialists. The combination of the two skill sets positions TXO to deliver a comprehensive circular economy proposition.
Darren Pearce, Group CEO of TXO, emphasized that, ‘’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.’’
Pearce thanked TXO’s private equity investor for supporting the deal, noting that TXO is continually seeking opportunities to expand its footprint through strategic acquisitions and partnerships with like-minded, experienced teams. He hinted at more such initiatives from TXO in the future.
The acquisition of Lynx expands TXO’s asset management and test & repair capabilities, scaling its inventory for UK and European operators. This move aligns with TXO’s global strategy to be a leading circular economy service partner for network operators and OEMs, both organically and through strategic acquisitions.
Lyn Pickering, CEO of Lynx UK, stated, ‘’TXO shares our vision for how the telecoms market should function sustainably and the cultural mindset needed to ensure the growth of sustainable networks. 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.’’