News Article

ITS Technology Group

10 June 2020

Northern Powerhouse Investment Fund (NPIF) realised its investment in Chester-based fibre network provider ITS Technology Group (ITS) following the sale of the business to Aviva Investors.

NPIF – Maven Equity Finance invested in ITS in 2018 following Maven VCTs original investment in 2017. The funding enabled the business to expand into new geographical locations, as well as to strengthen their sales and operational capabilities.

ITS designs, builds and operates full fibre and hybrid networks across the UK, giving business and residential communities access to gigabit capable connectivity. The company has pioneered a ‘dig once’ model that reuses existing public and private duct infrastructure and it has a number of partnerships with local authorities. This approach reduces the disruption that civils road digs create and accelerates the rollout of full fibre infrastructure. ITS’ networks are ‘open access’, giving wholesale access to internet service providers (ISPs), network and mobile network operators, and IT resellers.

The sale to Aviva Investors generates a positive return for NPIF and Maven VCTs and allows the business to raise significant additional capital to take advantage of further opportunities in the fibre market.

Read more at: Northern Powerhouse Investment Fund