CSL Expands Operations with Acquisition of EdgeConnect

Deal News | Feb 06, 2025 | PR Newswire Cision CSL Group

CSL, a leading European provider of critical IoT connectivity, has announced the strategic acquisition of EdgeConnect, an award-winning specialist in internet connectivity solutions. This acquisition represents an opportunity for CSL to bolster its position as a critical connectivity provider and expand its presence, particularly in the construction sector. EdgeConnect brings decades of experience in delivering robust internet connections in challenging locations, aligning with CSL's values and mission. The merger will integrate EdgeConnect's expertise and reputation into CSL's innovative IoT solutions portfolio. CSL aims to enhance its offerings like rSIM® Technology, IoT SIMs, and tackle challenges like the PSTN switch-off, thereby reinforcing its leadership in connectivity innovation across various sectors.

Sectors

  • Information Technology
  • Construction

Geography

  • United Kingdom – The geographical focus is on the UK, as CSL is headquartered in London and the acquisition announcement was made there.
  • Europe – CSL is described as a leading European provider, indicating a broader geographical influence beyond the UK.

Industry

  • Information Technology – This industry encompasses companies providing technology-driven solutions, particularly CSL and EdgeConnect, who focus on critical IoT connectivity and internet services.
  • Construction – This sector is relevant due to CSL's aim to expand its connectivity solutions within the construction sector, leveraging EdgeConnect's expertise in delivering services to challenging environments.

Financials

    Participants

    NameRoleTypeDescription
    CSL GroupBidding CompanyCompanyA leading European provider of critical IoT connectivity solutions expanding its capabilities through the acquisition of EdgeConnect.
    EdgeConnectTarget CompanyCompanyA multi-award-winning specialist in internet connectivity solutions, known for providing robust services in challenging environments.
    Ed HealeCSL Group CEOPersonCEO of CSL Group, leading the strategic acquisition of EdgeConnect.
    Kevin LatimerEdgeConnect CEO and Co-FounderPersonCEO and Co-Founder of EdgeConnect, facilitating the acquisition by CSL Group.