TXO has announced the acquisition of AirWay Group in a deal that expands the company's presence in North America.
TXO, which specializes in driving the circular economy within the telecoms industry by reusing legacy equipment, called the deal a significant opportunity for the firm to push its sustainability strategy across the pond.
AirWay works with all four of the major US national carriers - AT&T, Verizon, T-Mobile, and Dish.
The network infrastructure provider, founded in 1992, supports more than 250 telecom and broadband customers in more than 70 countries.
Some of the services that the company provides include the supply of new and repurposed network equipment, certified recycling and asset recovery, network commissioning and decommissioning, plus bespoke warehousing and logistics programs.
“AirWay’s addition marks a major step forward in our mission to become the global leader in sustainable technology solutions. Their scale, technical expertise, and market credibility - especially in the US - strengthen our platform for future growth, strategic partnerships, and M&A," said Simon Wort, group CEO of TXO.
"Culturally, this is a strong alignment: we share a customer-first mindset, a commitment to sustainability, and a passion for delivering operational excellence. Together, we will accelerate our impact and continue building a truly global circular economy.”
Financial terms of the deal were not disclosed.
As part of the transition, Mark Gergel, chairman of AirWay, will join the current TXO advisory board in a strategic role. In this role, he will work alongside current advisory board members Alan Ockenden and Karim Barkawi, "who were instrumental in the founding and development of TXO and Teqport, respectively," noted TXO.
Meanwhile, Tom Eaton will take on the role of CEO of TXO Americas, leading operations in the US.
A TXO report earlier this year suggested that global telcos will receive up to $720 million in 2025 alone from legacy copper sales.
TXO previously acquired Germany-based Teqport in January last year. Teqport specializes in copper cable extraction. Prior to that deal, the company acquired Lynx, a UK company that offers network engineering capabilities.
The company has helped Telia recycle 70 tons of network equipment following the completion of the carrier's 5G rollout in Norway.
