Digital network integrator STL acquires UK’s Clearcomm

STL is acquiring Clearcomm Group to enhance its presence across UK and Europe

Digital network integrator STL has acquired UK-based network integration company Clearcomm Group. The transaction is structured to acquire 100% of the share capital in two tranches.

In the first tranche, the acquisition of 80% of the share capital would be based on an enterprise value of 15.5 million pounds.

The balance of 20% would be acquired in 2023. STL said this acquisition would strengthen their business in UK and Europe and complemented data centre interconnect capabilities with FTTx and network integration.

As network creators across the world deploy large scale networks for 5G, FTTx and Rural use cases, STL has been enhancing its end-to-end network and system integration solutions across the globe. As a part of this global strategy, STL is acquiring UK-based Clearcomm Group, to enhance the presence of its Network Integration solutions across UK and Europe.

Clearcomm is a privately held company that provides end-to-end network integration solutions and capabilities in the UK. It is a profitable company with revenues in the range of 20 million pounds which has grown at 25% over the past three years with large scale FTTx network integration projects.

Commenting on this development, Stuart Evans and Richard Breffitt, Managing Directors, Clearcomm Group remarked, STL has a global vision for enabling digital transformation, and has set off on an exciting growth journey. We, at Clearcomm, are looking forward to adding value with our network integration specialisation and being an integral part of this growth story.

Anand Agarwal, Group CEO, STL said as digital infrastructure investments were increasing across the globe, STL was globalising its system integration solutions to help build these advanced networks. STL was enhancing its network and system integration solutions across the globe and as a part of the strategy, the company was acquiring Clearcomm.

With the addition of Clearcomm’s network integration expertise to STL’s optical connectivity and data centre integration capabilities to deliver advanced, deep-fiberised digital networks, Agarwal said.