Add-on Acquisition • Information Technology

Wavenet Acquires Axial Systems

On June 27, 2023, Wavenet acquired information technology company Axial Systems

Acquisition Context
  • This is Wavenet’s 1st transaction in the Information Technology sector.
  • This is Wavenet’s 6th transaction in the United Kingdom.

Explore All 9664 Add-on Acquisition Information Technology Deals - Search the Database Free


M&A Deal Summary

Date June 27, 2023
Target Axial Systems
Sector Information Technology
Buyer(s) Wavenet
Deal Type Add-on Acquisition

Target Company

Axial Systems

Maidenhead, United Kingdom
Axial Systems is a provider of portable and distributed solutions for network management, analysis, and security. Axial Systems was founded in 1988 and is based in Maidenhead, United Kingdom.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Wavenet

Solihull, United Kingdom

Category Company
Founded 2000
Sector Communications
DESCRIPTION

Wavenet is a multi-award-winning provider of telecoms and technology solutions serving thousands of small and medium-sized businesses and enterprises across the United Kingdom (UK). Wavenet has built on a solid foundation for growth over the last five years, with a focus on future technologies and digital transformation that will drive the industry and its customers. The new partnership with Macquarie Capital will boost this growth potential, by providing both expertise and flexible growth capital. This will enable more investment in the people at Wavenet and provide a renewed focus on strategic acquisitions. Wavenet was formed in 2000 and is based in Solihull, United Kingdom.


Deal Context for Buyer #
Overall 6 of 7
Sector: Information Technology 1 of 2
Type: Add-on Acquisition 6 of 7
Country: United Kingdom 6 of 7
Year: 2023 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 AdEPT Technology Group

Tunbridge Wells, United Kingdom

AdEPT Technology Group is a provider of a switch-less telecommunication reseller voice telephony services to over 50.000 customers, including both domestic UK-consumers and businesses. AdEPT Technology Group was founded in 2003 and is based in Tunbridge Wells, the United Kingdom.

Buy £50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Falanx Cyber Security

London, United Kingdom

Falanx Cyber Security is a provider of protect and defend businesses against global security threats. Falanx Cyber Security was founded in 2012 and is based in London, the United Kingdom.

Buy -