Cambridgeshire-based Sitec, which was founded in 2007, is a project management company that provides end-to-end solutions for the UK’s mobile and fixed line network operators. It specialises in network design, rollout, upgrade and management for mobile, and wayleave, design (planning) and installation of fixed line fibre optic networks.
This is the first acquisition WHP Telecoms has made since a management buyout backed by Equistone in 2018. The merged entity will have revenues of over £100 million and 500+ employees.
Andi Tomkinson and Sebastien Leusch at Equistone Partners Europe, said: “An 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. The acquisition of Sitec Infrastructure Services fits with that seamlessly, presenting an exciting new opportunity to add to WHP’s customer base and geographical reach, as well as providing entry into new markets.”
The new markets they are talking about specifically is the fibre market. The comments from Equistone suggest that WHP Telecoms is likely to acquire again in due course, as it adds scale and breadth to its offering.