M&A

TXO Acquires AirWay to Boost North American Growth

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TXO, a global leader in the circular economy sector, has announced its acquisition of the AirWay Group, a move that significantly strengthens its presence in North America. AirWay, a provider of network infrastructure products and services, brings with it a broad customer base of over 250 telecom and broadband clients across 70 countries.

The acquisition enhances TXO’s capabilities in network lifecycle management, engineering, staging, sourcing, logistics, and sustainable technology reuse. With operations that include supplying both new and refurbished telecom equipment, asset recovery, certified recycling, and specialized logistics programs, AirWay has established itself as a trusted partner of all four major U.S. operators: AT&T, Verizon, T-Mobile, and Dish.

The deal expands TXO’s warehousing and engineering footprint in the U.S., supporting its mission to offer end-to-end technology solutions that reduce waste and extend the life of network assets. The integration is also expected to accelerate TXO’s efforts in delivering sustainable alternatives to traditional hardware procurement.

Leadership changes include AirWay Chairman Mark Gergel joining TXO’s Advisory Board, while Tom Eaton becomes CEO of TXO Americas, overseeing U.S. operations and driving regional growth.

Simon Wort, TXO Group CEO, highlighted the cultural and strategic alignment between the companies, emphasizing their shared commitment to sustainability and operational excellence. Eaton echoed this sentiment, noting the opportunity to scale innovation and service delivery through TXO’s global network.

This acquisition comes as TXO reports a tripling of its revenue since 2023, reinforcing its long-term strategy of reshaping how technology is sourced, deployed, and reused in a global circular economy.

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