Airwave Solutions
Develops mission critical communication devices for the police and fire departments.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
* | £817m Valuation: £817m 1.9x EV/Revenue 6.9x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (3 %) | 3 % | 2 % | 2 % | 1 % | 6 % | (10 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 60 % | 63 % | 56 % | 52 % | 54 % | 54 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 34 % | 42 % | 38 % | 36 % | 37 % | 38 % | (27 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Airwave Solutions operates as a specialized communications network provider in the United Kingdom, delivering mission-critical voice and data services primarily to public safety organizations. The company was originally founded in 2000 as a part of the BT Group, before being sold to Macquarie Infrastructure and Real Assets (Europe) Limited in two stages between 2007 and 2009. A significant milestone in the company's history occurred in December 2015, when Motorola Solutions announced its acquisition of Airwave, a deal that was completed in early 2016 for approximately £817 million.
The core of Airwave's business is the provision of a secure and resilient private mobile radio network based on Terrestrial Trunked Radio (TETRA) technology. This network is purpose-built for the emergency services, including the police, fire and rescue, and ambulance services across Great Britain. Its primary function is to enable reliable and interoperable communications for first responders, which is crucial during major incidents and daily operations. The network's design prioritizes security and resilience, ensuring that communication lines remain open even when public networks may be congested or unavailable.
The business model centers on a long-term contract with the UK Home Office to deliver the Airwave Network. This service is essential for the operational effectiveness of the country's emergency services, which constitute its main client base. Revenue is generated through this contractual agreement for the provision and maintenance of the network infrastructure and services. The service itself offers a distinct set of features tailored for critical communications, such as push-to-talk functionality, secure encryption, and extensive geographic coverage across England, Scotland, and Wales.
Keywords: public safety communications, mission-critical networks, TETRA, emergency services network, private mobile radio, first responders, secure communications, Motorola Solutions, critical infrastructure, UK telecommunications
Tech stack
Investments by Airwave Solutions
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