UK based critical communications company TTG Global Group Ltd (TTG) has entered into an agreement to dispose of one of its divisions, Indigo Telecom Group Ltd (Indigo) and its associated subsidiaries. The name of the buyer has not been disclosed.
Indigo provides design, build, logistics, management and real-time support of communications networks for its customers, which include network service providers, public sector and enterprise businesses across the UK and Europe. It specialises in optical, IP and wireless communications technology.
The reason for the disposal is to enable TTG to deliver on the Group’s strategic objectives of simplifying group activities and providing greater focus on and investment in its remaining core businesses: affini Technology Ltd; and Simoco Group Ltd.
affini Technology specialises in integrating fixed and mobile technology for applications in complex environments. Simoco is a manufacturer of IP-based PMR (professional mobile radio) products. It supplies and supports mission critical communications for public safety and commercial customers around the world, including DMR, P25, TETRA and LTE technology.
TTG Group CEO Mike Norfield said: “We have worked hard to develop Indigo into a market leader in its sector and we pass the business on to its new owners as a resilient, profitable and vibrant business, with significant growth prospects in its chosen telecommunications industry sectors.
“The increased focus that this allows TTG to give to its two core businesses is fundamental to driving long term shareholder value. I am excited, in particular, by the global opportunities for our core service offerings based on consult, build and operate, in our key industry sectors, which include: utilities, mining, oil and gas, transportation and emergency services.”
Indigo began life as Hutchison Communications Systems in 1997. The business merged with Team Telecom Ltd in 2005 to form Hutchison Team Telecom. Hutchison Team Telecom then acquired Redbridge Management Services in 2007. The network infrastructure and telecommunication expertise from all the businesses was then brought together to form Indigo Telecom.