Econocom makes next move in UK with acquisition

Brussels-listed Econocom as taken a major stake in Jade Solutions, a UK-based enterprise mobility solutions provider. The move sees the Econocom Group continuing its expansion in the UK and Ireland, and is another step forward in its journey towards becoming a full digital services provider, it says.

Jade specialises in rugged mobile technology, wireless networks and guest wifi working with a galaxy of major clients in the retail, transport and logistics sectors. Its latest Crowd Wifi solution allows retailers, hoteliers, restaurants and businesses to interact with, engage and learn from their customers’ behaviour. With 43 employees, Jade reported £12.75m revenues in 2016.

“This is another important acquisition for Econocom,” says Chris Labrey, managing director, Econocom UK & Ireland. “Jade Solutions is an innovative business that has gone from strength to strength in recent years, and so we’re thrilled to be able to bring their collective knowledge and experience on-board. We’re looking forward to working with the whole Jade team as we continue our expansion of the Econocom in the UK.”