AIRCOM is the worlds largest independent provider of network optimisation and planning services to the mobile telecom industry. The top 20 global operators depend upon AIRCOMs tools and consultants to improve network coverage and help to serve their 1.1 billion subscribers globally.
AIRCOM currently work with mobile manufacturers such as Nokia and HP and with blue chip telecom operators such as O2 and Vodaphone. The company helps the telecom industry in the new growth in data-hungry mobile devices such as the iPad and iPhone. Established 15 years ago and with headquarters in the UK and offices in 14 countries the company can provide global and regional resources and viewpoints. The company have spent over 4 million working hours on 3G and 4G networks giving mobile operators direct and measurable cost saving. The company continues to look ahead of the market and develops the tools and skills needed for its network operators to stay competitive, whatever the economic climate.
The company that was founded in 1995 and forecast to deliver over £90 million in revenue this year has been acquired by HIG Europe. The company is the European arm of H.I.G. Capital, one of the worlds leading private equity firms. The European business has offices in Paris, London and Hamburg and a 600 million European fund. The team consists of 6 MD’s including Paul Canning and Matthias Allgaier who work within the UK.
The AIRCOM acquisition was made public on February 13, 2011 with Chief Executive Darryl Edwards stating that AIRCOM is well-placed in the market to grow with their clients. Both parties are positive about the acquisition and Paul Canning praised the deal stating that AIRCOM is already a leader in its field and the H.I.G. Capital acquisition, will provide a real end-to-end suite of solutions for the mobile telecoms industry.
The AIRCOM deal marks HIG Europes eight new investments in the past 12 months. Following the AIRCOM deal the private equity firm have also acquired the UK bed manufacturer Silent Night. H.I.G. Capital U.S. branches have also made several significant acquisitions this year. What’s next for Paul Canning and the H.I.G. Capital team is anyones guess.
(For more information about H.I.G. Capital please visit our past article: