The leading vendor of circular telecom network solutions from end to end announced the settled acquisition of TEQPORT in Solingen, Düsseldorf, a network service provider with technology and expertise in asset recovery and decommissioning, to extend its global footprint.
With this acquisition, TXO bolsters its offer of supporting the telecoms industry to promote sustainability through circular economy solutions that refine the lifecycle of telecom networks globally and boost financial and environmental gains. TEQPORT’s decommissioning and asset recovery skills help operators optimise their infrastructure, resulting in cost & energy savings and an overall betterment in the quality of the network. This is yet another notable development for TXO, with the company announcing the acquisition of Lynx UK Ltd, a specialist network decommissioning and engineering solutions provider, back in December 2023.
In view of this green partnership, Darren Pearce, Group CEO of TXO highlighted on the group’s willingness for growth by stating that “Combining with TEQPORT in Germany and joining forces with Sebastian Neubeck and his leadership team show TXO is getting bigger, bolder and better as it prepares to take on 2024. We aim to become the premier circular economy services provider for the global telecoms industry. Alongside the acquisition of Lynx UK and several additions to our leadership team at the end of last year, this move shows that TXO is taking its vision for the circular economy in global telecoms up a gear”.
Sebastian Neubeck, Co-Founder and CEO, of TEQPORT, likewise, accentuated on the link with TXO, stating that “By becoming part of the TXO family, the TEQPORT team will continue to support businesses with vital equipment recovery, decommissioning and recycling services. We’ve had significant success in doing this with our proprietary project management and service delivery software, ‘Reversys’, and under the TXO banner, we will push towards our shared goal of driving a more cost-efficient and environmentally friendly telecoms industry,”.
TXO Group has enlarged its global team of specialists to 365 and strengthened its position in the telecoms industry, especially in the UK and Europe. The group aims to boost its offering, extend globally and become the leading circular economy service partner for network operators and OEMs by buying TEQPORT as part of its global strategy.