Solutions 30 resumes its external growth policy and strengthens its position in the United Kingdom
25 Oktober 2021 - 8:00AM
Solutions 30 resumes its external growth policy and strengthens its
position in the United Kingdom
Solutions 30 announced today that it has
acquired the business and certain assets of Mono Consultants Ltd
("Mono"). With this transaction, Solutions 30 is resuming its
external growth policy and confirming its ambitions in the UK
market, by strengthening its territorial coverage and its client
portfolio in the field of mobile telecommunications
networks.
Founded in 1997, Mono offers turnkey services
related to the deployment of mobile telecommunications
infrastructures, from network design to deployment. One of the
largest businesses in a highly fragmented UK market, Mono generated
revenues of £41.5 million (€49.0 million) for the year ended August
31, 2020. Impacted by the Covid-19 crisis, the company did not have
the critical size and financial strength to absorb the drop in
volume and then respond to the strong market rebound. At the end of
August 2021, the company closed its financial year with revenues of
£27.8 million (€32.8 million). However, its excellent reputation,
its first-rate customer portfolio and strong order book mean there
is strong growth potential for the 2021-22 financial year, driven
by the development of 5th generation (5G) mobile networks.
In this context, with the support of all its
partners as well as Mono's management team, Solutions 30 acquired
the business and certain assets of this company on 22nd October
2021, thereby making its second acquisition in the United Kingdom,
in a high-potential market. This transaction marks the re-launch of
Solutions 30's external growth policy, aimed at consolidating the
Group's positions in Europe.
Paul Garston, Managing Director of Solutions 30
UK, said: “This transaction is a major step forward for Solutions
30 in the UK and we are delighted to welcome the 165 employees of
Mono to the Group. There are many synergies between our two
companies and the complementary nature of our activities, customer
portfolios and locations significantly strengthens our base for
development in a very dynamic UK market, whether in mobile
telecommunications, fibre optics or energy.”
Mono operates throughout the UK and has a
presence in Glasgow, Manchester and Milton Keynes. The company has
built up a prestigious client portfolio and works with major
operators including Telefonica and BT/EE, as well as telecom
equipment manufacturers including Ericsson.
Peter Walsh, CEO of Mono since 2020, added:
“Joining the Solutions 30 Group provides us with the strength and
depth we need to develop the business and be at the forefront of
our customer’s deployment plans in the UK. It provides access to
the Group’s broad skills and expertise from different sectors as
well as the working capital needed to fund our growth ambitions.
The combined capability of Comvergent and Mono will make Solutions
30 a leading player across all four mobile networks in the UK.”
About Solutions 30
SE
The Solutions 30 group is the European
leader in solutions for new technologies. Its mission is to make
the technological developments that are transforming our daily
lives accessible to everyone, individuals and businesses alike.
Yesterday, it was computers and the Internet. Today, it’s digital
technology. Tomorrow, it will be technologies that make the world
even more interconnected in real time. With more than
30 million call-outs carried out since it was founded and a
network of more than 15,700 local technicians, Solutions 30
currently covers all of France, Italy, Germany, the Netherlands,
Belgium, Luxembourg, the Iberian Peninsula, the United Kingdom, and
Poland. The share capital of Solutions 30 SE consists of
107,127,984 shares, equal to the number of theoretical votes
that can be exercised.Solutions 30 SE is listed on the
Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes:
MSCI Europe Small Cap | Tech40 | CAC PME | SBF 120 | CAC Mid
60. Visit our website for more information: www.solutions30.com
Contact
Individual Shareholders:Investor Relations -
Tel: +33 1 86 86 00 63 - shareholders@solutions30.com
Analysts/Investors:Nathalie Boumendil - Tel: +33
6 85 82 41 95 - nathalie.boumendil@solutions30.com
Press - Image 7:Leslie Jung - Tel: +44 7818
641803 - ljung@image7.frCharlotte Le Barbier - Tel: +33 6 78
37 27 60 - clebarbier@image7.fr