ITS said the additional footprint provided by the acquisition of NextGenAccess, coupled with its experienced senior management team and staff and the significant enhancement to the portfolio of dark fibre services, further enriches what it can offer to its channel partners and their customers.
The deal will add 455km of dark fibre across Greater London, Newport, and South Essex to ITS’ existing full fibre footprint.
ITS said this acquisition “kickstarts its build and buy strategy” following new funding of £100m with Aviva Investors in April of this year.
Daren Baythorpe, CEO of ITS Technology Group (pictured), said, “NextGenAccess is an extremely capable and exciting business with a very talented team that I am delighted to welcome onboard. There are significant synergies between our two businesses.
“In addition to the fibre assets in the ground and portfolio of solutions, the experience that this team will bring to ITS will allow us to substantially bolster our dark fibre credentials. This will allow us to deepen our relationships with carriers, telecom operators, service providers, and resellers.
“This will also further accelerate our full fibre rollout and reach as we play our part in creating a Gigabit Britain.”
Mark Weller, managing director at NextGenAccess, added, “The time is right to take the next step and allow our partners and their customers to benefit from our significant joint capability and experience in the full fibre market.
“We are all very pleased that the ITS values and culture are extremely close to those already present within NextGenAccess which should make the integration of the businesses seamless. I am looking forward to being part of the ITS team and further helping the group to develop and deliver a leading full fibre portfolio.”
The acquisition will also allow ITS to grow its presence in the data centre connectivity marketplace, further developing NextGenAccess’ proposition.