{"id":2886,"date":"2019-12-11T09:50:23","date_gmt":"2019-12-11T09:50:23","guid":{"rendered":"https:\/\/www.sitec-is.co.uk\/?p=2886"},"modified":"2019-12-11T10:26:07","modified_gmt":"2019-12-11T10:26:07","slug":"whp-telecoms-acquires-sitec-infrastructure-services","status":"publish","type":"post","link":"https:\/\/www.sitec-is.co.uk\/news\/whp-telecoms-acquires-sitec-infrastructure-services\/","title":{"rendered":"WHP Telecoms Acquires Sitec Infrastructure Services"},"content":{"rendered":"<p>[vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<p style=\"background: white; margin: 12.0pt 0cm 15.0pt 0cm;\"><b><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">Wireless telecoms services business WHP Telecoms has acquired Cambridge UK neighbour Sitec Infrastructure Services in a deal that will create a group with a turnover in excess of \u00a3100 million and 500 employees.\u00a0<\/span><\/b><\/p>\n<p style=\"background: white; box-sizing: border-box; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">The deal brings together two sector leading businesses with strong operational and cultural complementarities working across the full network lifecycle. The acquisition will also provide the platform for WHP Telecoms to enter the fast growing and dynamic fibre market.\u00a0<\/span><\/p>\n<p style=\"background: white; box-sizing: border-box; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">This is the first acquisition WHP Telecoms has made since completing a management buyout backed by Equistone Partners Europe in 2018 and represents an important step in the group\u2019s strategic growth plan.\u00a0<\/span><\/p>\n<p style=\"background: white; box-sizing: border-box; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">Andi Tomkinson and Sebastien Leusch at Equistone Partners Europe, said: \u201cAn important part of our investment strategy for WHP Telecoms is to build on its market leader status, boosting the scale and breadth of its services through organic growth and strategic acquisitions.\u00a0<\/span><\/p>\n<p style=\"background: white; box-sizing: border-box; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">\u201cThe acquisition of Sitec Infrastructure Services fits with that seamlessly, presenting an exciting new opportunity to add to WHP\u2019s customer base and geographical reach, as well as providing entry into new markets.\u201d<\/span><\/p>\n<p style=\"background: white; box-sizing: border-box; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">Rob Potter, CEO of WHP said Sitec was an excellent fit for WHP Telecoms, both in terms of culture and the skillset that the team would bring to his company.<\/span><\/p>\n<p style=\"background: white; box-sizing: border-box; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">\u201cThe acquisition is consistent with our appetite to lead consolidation in the sector and continue to strengthen our services and breadth of offering,\u201d he said.<\/span><\/p>\n<p style=\"background: white; box-sizing: border-box; text-rendering: optimizelegibility; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"font-size: 12.0pt; font-family: 'Arial',sans-serif; color: #222222;\">Adam Eatock and David Hawthorne, directors of Sitec added: \u201cThis deal represents a major milestone in Sitec\u2019s development; WHP is an excellent home for our business.\u201d<\/span><\/p>\n<p style=\"background: white; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: black;\"><a href=\"https:\/\/www.businessweekly.co.uk\/news\/hi-tech\/whp-telecoms-acquires-sitec-infrastructure-services\">https:\/\/www.businessweekly.co.uk\/news\/hi-tech\/whp-telecoms-acquires-sitec-infrastructure-services<\/a><\/span><\/p>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1441114698767{margin-top: 20px !important;}&#8221;][vc_column][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_row_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text] Wireless telecoms services business WHP Telecoms has acquired Cambridge UK neighbour Sitec Infrastructure Services in a deal that will create a group with a turnover in excess of \u00a3100 million and 500 employees.\u00a0 The deal brings together two sector leading businesses with strong operational and cultural complementarities working across the full network lifecycle.&hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59,2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/posts\/2886"}],"collection":[{"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/comments?post=2886"}],"version-history":[{"count":3,"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/posts\/2886\/revisions"}],"predecessor-version":[{"id":2889,"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/posts\/2886\/revisions\/2889"}],"wp:attachment":[{"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/media?parent=2886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/categories?post=2886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sitec-is.co.uk\/wp-json\/wp\/v2\/tags?post=2886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}