ITS Technology Group acquires NextGenAccess

  • Deal enriches ITS Technology Group’s market offer with extended strategic dark fibre portfolio
  • Expands ITS fibre footprint adding 28,000 business premises passed
  • Experienced management team and operational staff join the ITS team

Wholesale full fibre provider ITS Technology Group has today announced it has completed the acquisition of dark fibre specialist NextGenAccess Ltd.

The deal adds 455km of dark fibre across Greater London, Newport, and South Essex to complement ITS’ existing full fibre footprint which is on track to pass 25% (c.500,000) of UK business premises by the end of this year. Alongside ITS’ strong organic growth and positive EBITDA position, the acquisition kickstarts its ‘build and buy’ strategy following its second round Aviva infrastructure funding which secured a further £100m in April this year.

ITS designs, builds and operates wholesale full fibre networks known as ‘Faster Britain’ in the marketplace. It has built a substantial partner offering which includes an industry-leading self-service search, quote and order portal and APIs giving access to gigabit-capable full fibre solutions to any business across the country.

The additional footprint provided by the acquisition of NextGenAccess, coupled with the highly experienced senior management team and staff, and the significant enhancement to the portfolio of dark fibre services, further enriches what ITS can offer to its channel partners and their customers.

The acquisition will also allow ITS to grow its presence in the data centre connectivity marketplace, further developing NextGenAccess’ impressive proposition. As a provider of ‘trunk’ connectivity, NextGenAccess has high levels of trust alongside high standards of delivery in this space, which is seen as a key growth area for ITS.

“NextGenAccess is an extremely capable and exciting business with a very talented team that I am delighted to welcome onboard. There are significant synergies between our two businesses. In addition to the fibre assets in the ground and portfolio of solutions, the experience that this team will bring to ITS will allow us to substantially bolster our dark fibre credentials. This will allow us to deepen our relationships with carriers, telecom operators, service providers, and resellers. This will also further accelerate our full fibre rollout and reach as we play our part in creating a Gigabit Britain.

“We’re excited to expand our own data centre offering by developing NextGenAccess’ existing proposition in the space, as well as opening new opportunities on the network to deliver Layer 2 and 3 services to our partner community.

“The acquisition of NextGenAccess adds depth to the innovative and business enhancing services we offer to our partners and their customers, cementing our place as one of the leading wholesale fibre providers in the UK. I’m really excited for this next phase of our business.”

Daren Baythorpe, CEO of ITS Technology Group

“Following a successful period of growth, backed by Amber Infrastructure since 2018, the time is right to take the next step and allow our partners and their customers to benefit from our significant joint capability and experience in the full fibre market. We are all very pleased that the ITS values and culture are extremely close to those already present within NextGenAccess which should make the integration of the businesses seamless.”

“I am looking forward to being part of the ITS team and further helping the group to develop and deliver a leading full fibre portfolio.”

Mark Weller, Managing Director at NextGenAccess

“We have worked closely with the NextGenAccess management team to develop the business since our investment in 2018. The combination of NextGenAccess with ITS enhances their footprint and gives significant joint capability and experience in the UK enterprise fibre market, helping to further accelerate the combined group’s planned fibre deployment.”

Chris Hogg, Senior Investment Director at Amber Infrastructure

Dow Schofield Watts provided Corporate Finance Advisory and FDD support for the transaction for ITS and Hill Dickinson provided legal advice. Commercial market due diligence conducted by Analysys Mason. Lincoln International LLP was financial advisor and Bird & Bird LLP was legal advisor to NextGenAccess on the transaction

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Dave Ferry
Chief Sales Officer

As Chief Sales Officer, Dave leads the sales strategy at ITS, driving growth and strengthening customer relationships. Overseeing commercial success across Partner Markets, Public Sector and Major Business, Dave uses his 20 years of telecoms experience to build high-performing teams and deliver innovative solutions that meet market demands.

Previously, Dave held senior roles at Virgin Media Business, leading successful teams in various market segments.

Kevin McNulty
Strategy Director

Kevin leads the Strategy team in ITS, comprising the core functions of network Investment (including M&A), regulation, public affairs, product management and marketing. With over 4 years’ experience within the leadership team of ITS, Kevin has played a pivotal role in shaping the business direction as it has grown to be a leading provider of B2B wholesale connectivity.

Prior to ITS, Kevin has a long background in the industry, having held senior positions in BT, Virgin Media, KCOM and NTT – as well as a period spent in consultancy.

Claire Davies
People & Culture Director

Claire is the People and Culture Director for ITS, responsible for ensuring we provide a great place to work, with amazing people who are happy, productive, and engaged.

A CIPD qualified HR professional with previous industry experience at Amey, as well as more recent experience in a number of small businesses, Claire is passionate about putting people first in order to grow the business.

Mike Goodwin
Chief Technology Officer

Mike is responsible for all technical, operations, customer service and security within ITS. Using his degree in Electrical and Electronic Engineering, and MBA from Manchester Business School, Mike focuses on how ITS can introduce and support complex solutions designed to create customer-focused teams that ensure exceptional experience. On top of his extensive career history spanning TalkTalk, Hyperoptic and Fibre Nation, Mike is a Chartered Engineer and Fellow of the IET.

Charlie Versi
Chief Operating Officer

Charlie leads ITS’s end-to-end operational delivery, with a focus on service excellence and delivering an outstanding experience for both partners and their business customers. His appointment will help build on the company’s strong foundations – driving transformation, quality, and innovation and using them as key enablers of continued growth.

Daren Baythorpe
Chief Executive Officer

Daren is a dynamic leader who drives the strategy, growth and direction of ITS. Daren has significant utility / telecoms sector experience and has held several board-level leadership and advisory positions for a number of organisations including Severn Trent Water and BT. He served on the Board of Openreach, where he held executive responsibilities as Director of the Customer Service Division, Director for Field Engineering then latterly serving as Managing Director of the Business Division.

Daren also regularly advises and collaborates with government and other regulatory / telecoms bodies on sector-related issues. His in-depth knowledge and understanding of the requirements of operators and high capacity data users, through his vast experience across the industry, mean that ITS is thriving under his leadership

Kevin Gaskell
Chairman

Kevin leads our board and is responsible for giving strategic advice and counsel, as well as attracting and driving investment. Kevin is recognised as one of the most successful leaders of his generation, having led iconic brands such as Porsche, Lamborghini and BMW. A highly experienced serial entrepreneur and private equity chairman, he has led multi-billion-pound global organisations; and also founded startups such as Epyx Limited, building it up to become the market leader for automotive e-commerce solutions.

Kevin has received multiple accolades; highlights include making the ‘UK’s top 40 leaders under 40’ list, chairing the ‘best UK private equity investment of the year’, and being a founder of award-winning start-up companies across the globe.