M247 Divests UK Operations to Convergence Group
Deal News | Jun 12, 2025 | Business Cloud
Manchester-based M247 Group has announced the sale of its UK business operations to Convergence Group, an outfit located in Solihull. M247, a provider specializing in hosting, data transport, and cloud solutions, initially launched as Metronet (UK) in 2003. This strategic divestment of its UK-only connectivity and IT services, including infrastructure and personnel, aligns with M247's renewed focus on international expansion and growing its presence across markets in Europe, North America, and key emerging sectors. The company operates 36 data centers in 32 cities across 27 countries and boasts a high-level global network covering over 110 markets. CEO Darryl Edwards emphasized the company's commitment to its global strategy by refocusing efforts towards high-growth areas like IoT and AI inference services. Financial specifics of the deal remain undisclosed, but the move marks a significant pivot toward M247's future ambitions. Advisory and legal guidance for the deal was provided by Acuity Advisors, Alpha Advisory, and Pinsents respectively.
Sectors
- Technology Services
- Telecommunications
- Mergers & Acquisitions
Geography
- United Kingdom – The M247 business unit being sold operates in the UK, and the buyer, Convergence Group, is also based in the UK.
- Global – M247 is focused on expanding its international presence, and this sale is a part of its strategy to enhance its global footprint.
Industry
- Technology Services – The article discusses the sale of a business focused on IT services, cloud solutions, and data transport which falls under the technology services industry.
- Telecommunications – The focus on connectivity services highlights the telecommunications aspect of M247's business operations.
- Mergers & Acquisitions – The article fundamentally revolves around a corporate divestment, a typical M&A activity.
Financials
- Not disclosed – Financial terms of the deal between M247 Group and Convergence Group were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| M247 Group | Target Company | Company | A company focusing on hosting, data transport, and cloud solutions, with an international presence. |
| Convergence Group | Bidding Companybuyer | Company | A company based in Solihull, acquiring M247's UK operations. |
| Acuity Advisors | Corporate Finance Advisor | Company | Provided M&A advisory services to M247. |
| Alpha Advisory | Board Advisor | Company | Provided board advisory services to M247. |
| Pinsents | Legal Advisor | Company | Provided legal advisory services for the transaction. |
| Darryl Edwards | CEO | Person | CEO of M247, based in London, leading the company's strategic focus on international growth. |