Acquisition by Giganet

In September 2022, Cuckoo, a rapidly scaling broadband provider founded in February 2020, was acquired by Giganet, marking a significant development in the UK's broadband industry. The acquisition process began with a LinkedIn message from Giganet's CEO to Cuckoo's Alexander Fitzgerald, leading to discussions that quickly highlighted the shared values, ambitions, and complementary strengths of both companies. Despite the challenging economic climate and a tight venture capital market, the two companies found common ground, driven by their aligned goals and the opportunity to enhance their service offerings.

The acquisition involved intricate negotiations, including share purchase agreements and due diligence, focusing on combining Cuckoo's customer experience expertise with Giganet's infrastructure capabilities. The merger was motivated by the vision to create a more robust broadband service that leverages the best of both organizations' strengths, aiming to significantly improve customer offerings and operational efficiency.

The process was marked by a blend of excitement and pressure, with both teams working closely to ensure a smooth transition. The merger is seen as a strategic move to capitalize on the full fibre wave transforming the UK broadband market, positioning the combined entity for accelerated growth and innovation in providing high-quality internet services.



Source: Cuckoo