Reading: Transcend advises on the sale of Wireless Works

A team from corporate finance advisers Transcend Corporate, led by partner Ian Aldridge and supported by executive Rajbir Turna, has advised on the sale of The Wireless Works (UK) to Avesco Group plc.

Wireless Works, which is based in Surrey, was established in 2002 by Tristian Bickerton and has grown to become a leading provider of radio-frequency and communication services on a global basis, specialising in the broadcast and live-events markets. It offers dedicated, assisted, and managed hire, as well as installation of both wireless and intercom products and services.

Avesco is an AIM-listed provider of audio-visual equipment, lighting equipment and media services to live events, broadcast, and entertainment industries. It operates through three operating segments: creative technology, full service, and broadcast services. Wireless Works will form part of the creative technology operating segment.

Bickerton commented:“Transcend has done an excellent job in guiding me through what has been a complex process, and supporting me at every step of the way.”

Aldridge said: “This is a great example of our focus on the entrepreneurial market.”