CSL announces the acquisition of Caburn Telecom

31/10/2022
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CSL IoT M&A Paul McCreadie

CSL, the leading European provider of critical IoT connectivity, is pleased to announce its strategic acquisition of Caburn Telecom, a global provider of secure IoT connectivity, SIM management and software. The acquisition will add further IoT expertise and scale to CSL’s market-leading propositions and solutions serving a wide range of sectors internationally.

Founded in 2011, Caburn is a team of experienced global IoT professionals, committed to delivering IoT connectivity solutions with the highest levels of service to customers for whom flexible and resilient IoT connectivity and control are essential. Caburn has over 1 million live IoT connections across a variety of sectors, with customers in the UK, Europe, USA, and Asia. Caburn’s excellent proprietary platform allows customers to easily manage and monitor their entire SIM base. Caburn is highly complementary to CSL’s IoT growth and further broadens the value CSL can offer in critical IoT connectivity applications.

We are delighted to be welcoming Caburn and its team to the CSL Group. This is another significant step for us, further extending the delivery of our IoT services to new territories and sectors. It has been clear throughout this process that our two teams have a shared vision about the importance and future of critical IoT services and high standards of customer service. We look forward to offering the best of both businesses to our customers going forward.”

Ed Heale

CEO, CSL

This is an extremely exciting opportunity for Caburn. Both teams will benefit from this move and our team is excited to incorporate CSL’s solutions into the offerings we provide our customers. It was vital that we identified the right culture and team which aligns to our business values of working closely and helping our customers. We are certain we have found just that with CSL, and we are delighted to have joined the Group.”

Paul Bandell

CEO, Caburn Telecom

It is fantastic to welcome Caburn and its team to CSL, enabling the business to offer further IoT expertise and capabilities to its customers. We look forward to supporting the combined group to continue to build on its strong growth since our investment, both organically and through further M&A.”

Paul McCreadie

Partner, ECI Partners

Advisors:

Squire Patton Boggs

BDO

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