30th August 2023

Wifinity acquires offshore connectivity specialist

Wifinity, a managed internet service provider, has acquired an offshore vessel connectivity firm based in Andover as the company expands in the United Kingdom.

Wifinity acquires offshore connectivity specialist

Vital WiFi established its initial connectivity system in 2012, and its internet services are now used by millions of people worldwide.

Wifinity’s acquisition expands its services into new offshore sectors, including rural and distant regions such as military bases and vacation camps, where standard broadband does not reach. The acquisition also includes traditional and renewable energy platforms and commercial shipping and comes on the heels of the company’s LDC-backed management buyout in September 2021.

Costas Demetriou, chief executive of Wifinity, said: “Joe Burnell and the team at Vital WiFi have built a great business that delivers secure, reliable and quality WiFi services in what are often challenging working environments. We’re thrilled that they’ve joined us.

“The acquisition provides a unique opportunity to expand into new, complimentary markets while gaining a raft of new product features and industry expertise to help drive our continued growth in the UK and now offshore.”

Joe Burnell, founder of Vital WiFi, added: “Joining the Wifinity Group is an incredibly important milestone for us as a team and reflects the quality proposition we’ve developed.

“The further expertise and resources now available to us as part of the group will undoubtedly enable us to further strengthen our offering for our customers and reach a broader audience.”

DSW Transaction Services assisted in the deal with Ros Jones and Alex Aitchison providing Financial Due Diligence for Wifinity.