Zynetix Announces Management Buy-Out To Strengthen Company And Drive Future Growth
Zynetix Ltd., the specialist mobile infrastructure manufacturer, has today announced the completion of a Management Buy Out of the company in a deal designed to enable the business to continue to build on its existing growth and become a major provider of specialist mobile infrastructure for maritime, fixed-mobile convergence, regional infill and military GSM applications.
The company will continue to be led by its existing management team of co-founders Ian Taylor and Andy Odgers who will continue in their roles of CEO and CTO respectively. Martin Wren-Hilton returns to the company as CSO having spent the previous two years as Head of Mobile Strategy at Carphone Warehouse. The management team has been further strengthened by the promotion of Darryn Trowell to Portfolio Director.
Commenting on the deal, Ian Taylor said “This deal represents an exciting new chapter in the history of Zynetix. I’m proud of our achievements to date and look forward to building on those successes by maintaining our technical edge in the competitive market in which we operate.”
Andy Odgers added: “Zynetix has an excellent reputation with its customers and partners and this deal will enable us to strengthen all aspects of our business. In just five years we’ve grown Zynetix from a start-up to the position where we’re now a recognised leader in the field of specialist GSM infrastructure.”
Martin Wren-Hilton, who was previously a co-founder of Zynetix along with Andy and Ian commented “I’m delighted to be returning to Zynetix and joining the new management team. The company has developed an impressive portfolio of GSM infrastructure products and this deal underlines the commitment of the co-founders as we continue to build on the foundations we laid five years ago.”
The new board of directors consists of Andy Odgers, Ian Taylor and Martin Wren-Hilton.
The Management Buy Out team was advised throughout the process by Wragge & Co and received the full support of Zynetix’s previous owners Sonus Networks Inc.
For further information, please contact: Martin Wren-Hilton on 0777 333 3335.
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