DAEL Ventures, a South West-based provider of acquisition, design and construction (ADC) services for mobile telecoms infrastructure, has been acquired by Mitie Group for £15m.
The acquisition is set to broaden Mitie's expertise in the telecoms sector.
DAEL Ventures, (together with its subsidiaries DAEL Telecom Ltd, JB Towers Ltd and JISTICS), is the UK arm of Mak Holding, which is related to DAEL Group Netherlands. DAEL Group Netherlands will continue to operate under its existing private ownership and is not part of the transaction.
Alongside ADC services, DAEL Ventures also provides specialist managed services of temporary mobile infrastructure to support the special events market, as well as bespoke structural engineering and design services for telecoms assets.
Andy Train, managing director at DAEL Telecom, and James Brennan, managing director at JB Towers, will join Mitie to create a new telecoms business unit within Mitie's technical services division
Mitie chief executive Phil Bentley said: "The acquisition, which is aligned with our new growth and margin enhancement strategy, provides us with the opportunity to broaden our scale and expertise in the fast-growing telecoms sector. Mitie will now have market-leading capabilities, putting us in a strong position to take advantage of the growth prospects arising from the rollout of 5G in the UK."
The shareholders of DAEL were advised by Bishop Fleming’s corporate finance team and BPE Solicitors.
Mitie was advised by legal firm Mayer Brown.
DAEL Telecom and JB Towers are is based in Tewkesbury.
