M&A Deal Summary

Wireless Logic Group Acquires Arkessa

On December 9, 2020, Wireless Logic Group acquired internet software and services company Arkessa from ECI Partners

Acquisition Highlights
  • This is Wireless Logic Group’s 2nd transaction in the Internet Software and Services sector.
  • This is Wireless Logic Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-12-09
Target Arkessa
Sector Internet Software and Services
Buyer(s) Wireless Logic Group
Sellers(s) ECI Partners
Deal Type Add-on Acquisition

Target

Arkessa

Bishop's Stortford, United Kingdom
Arkessa Ltd. is an Internet-of-Things (“IoT”) managed services provider. Arkessa enables Enterprises to develop and optimise their businesses by helping them adopt, integrate and scale IoT enabled services. Arkessa was founded in 2009 and is based in Bishop's Stortford, England.

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Buyer(S) 1

Buyer

Wireless Logic Group

Berkshire, United Kingdom

Category Company
Founded 2000
Sector Information Technology
Revenue 8M GBP (2013)
DESCRIPTION

Wireless Logic Group is a machine-to-machine (M2M) managed services provider combining infrastructure, platforms and connectivity. Wireless Logic Group was founded in 2000 and is based in Berkshire, United Kingdom.


DEAL STATS #
Overall 8 of 14
Sector: Internet Software and Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 8 of 14
Country: United Kingdom M&A 1 of 3
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 New Line Mobile BV

Den Haag, Netherlands

New Line Mobile is an established IoT/M2M managed services provider. In partnership with major mobile operators, the company delivers a one-stop solution combining secure infrastructure, resilient software platforms, and multiple network connectivity for system integrators, application providers, and end-user clients. New Line Mobile is based in Den Haag, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Com4 Sweden AB

Stockholm, Sweden

Com4 is a Norwegian MVNO with a focus on IoT and M2M communication employs a team of 18 professionals with a wealth of experience across applications from smart metering to the industrial IoT. Com4 was formed in 2011 and is headquartered in Oslo.

Buy -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 65 of 76
Sector: Internet Software and Services M&A 6 of 10
Type: Add-on Acquisition M&A Deals 34 of 39
Country: United Kingdom M&A 60 of 70
Year: 2020 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 MPM Products

Manchester, United Kingdom

MPM Products is a pet food company that owns brands such as Applaws, Encore, and Reveal. MPM produces high-quality, natural pet foods for discerning cat and dog owners. MPM’s loyal customer base places great importance on its sustainable sourcing and recyclable packaging. It has an established presence in the UK, EMEA, and APAC with a fast-growing business in North America. International sales account for more than 60% of revenues. MPM Products was formed in 2002 and is based in Manchester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-18 Ciphr

Reading, United Kingdom

Ciphr is a specialist provider of Software-as-a-Service (SaaS) HR, payroll, recruitment, and learning software that connects businesses with their employees via an online platform, CIPHR Connect. Ciphr was founded in 1982 and is based in Reading, United Kingdom.

Buy -