Montag, 25.10.2021 08:00 von GlobeNewswire | Aufrufe: 397

Solutions 30 resumes its external growth policy and strengthens its position in the United Kingdom

Ein Mann liest Wirtschaftsnachrichten (Symbolbild). pixabay.com

Solutions 30 announced today that it has acquired the business and certain assets of Mono Consultants Ltd ("Mono"). With this transaction, Solutions 30 is resuming its external growth policy and confirming its ambitions in the UK market, by strengthening its territorial coverage and its client portfolio in the field of mobile telecommunications networks.

Founded in 1997, Mono offers turnkey services related to the deployment of mobile telecommunications infrastructures, from network design to deployment. One of the largest businesses in a highly fragmented UK market, Mono generated revenues of £41.5 million (€49.0 million) for the year ended August 31, 2020. Impacted by the Covid-19 crisis, the company did not have the critical size and financial strength to absorb the drop in volume and then respond to the strong market rebound. At the end of August 2021, the company closed its financial year with revenues of £27.8 million (€32.8 million). However, its excellent reputation, its first-rate customer portfolio and strong order book mean there is strong growth potential for the 2021-22 financial year, driven by the development of 5th generation (5G) mobile networks.

In this context, with the support of all its partners as well as Mono's management team, Solutions 30 acquired the business and certain assets of this company on 22nd October 2021, thereby making its second acquisition in the United Kingdom, in a high-potential market. This transaction marks the re-launch of Solutions 30's external growth policy, aimed at consolidating the Group's positions in Europe.

Kurse

  
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Solutions 30 Realtime-Chart

Individual Shareholders:
Investor Relations - Tel: +33 1 86 86 00 63 - shareholders@solutions30.com

Analysts/Investors:
Nathalie Boumendil - Tel: +33 6 85 82 41 95 - nathalie.boumendil@solutions30.com

Press - Image 7:
Leslie Jung - Tel: +44 7818 641803 - ljung@image7.fr
Charlotte Le Barbier - Tel: +33 6 78 37 27 60 - clebarbier@image7.fr

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