Macquarie Capital-backed Wavenet completed the acquireisiot of Excell Group.

Macquarie Capital-backed Wavenet, a supplier of business telecommunication and technology solutions, completed the acquireisiot of Excell Group, a communications solutions provider. Financial terms were not disclosed. "Following almost 30 years of growing our business into a dynamic and trusted organisation, we felt the time was right to take the next step and we couldn’t have found a better partner for that than Wavenet. Wavenet’s vision and values align completely with those that we already hold at Excell, which will not only enable a smooth integration, but will quickly enhance the service provided to our customers," Darren Strowger, Excell Chairman.