Today our parent company M Group Services (‘the Group’), a leading provider of services to essential infrastructure markets in the UK, with a turnover of over £1bn, has announced the acquisition of Avonline Networks.
Avonline Networks is a specialist provider of telecom network build and installation services on behalf of network providers, alternative network operators and local authorities. Its service offering includes network survey and design, fibre optic duct and cable installation, splicing and testing together with consumer and business connections.
Following the acquisition, Avonline Networks will retain its brand identity and continue to operate as a standalone services business within M Group Services, extending the Group’s telecom division that includes Morrison Telecom Services and Magdalene, offering a complete end-to-end telecom network build and services portfolio across the UK and Ireland.
M Group Services Chief Executive Jim Arnold commented: “The next decade is set to bring the biggest expansion in UK telecom networks since the original BT copper build, driven by business and consumer demand for ultrafast broadband, public policy and government incentives.
“Given the scope of its service capability and its position at the forefront of these next-generation network expansion programmes, Avonline Networks is ideally positioned to grow in the telecoms market with the support of M Group Services.
“This is an exciting acquisition that further enhances the scope of essential infrastructure expertise within our telecom division and we are delighted to welcome Avonline Networks to M Group Services.”
Avonline Networks Director Richard Hale commented: “From nationwide fibre networks to in-building infrastructure for multiple dwelling units, Avonline Networks has been at the forefront of the UK’s next-generation network build and installation programmes for over 35 years.
“This acquisition marks an exciting new chapter in our growth and, as a part of M Group Services, we are now ideally placed to benefit from the financial scale of the Group and the growth opportunities this will bring.”
Financial details of the transaction were not disclosed.