Cellular Asset Management Announces New Investment Agreement and MergerPublished: 25 February 2019
Cellular Asset Management Ltd (CAM) is delighted to announce that it has reached agreement with new investment partners.
Stan Schreuder and Ricardo Marioni are private investors, specialists in telecommunications and engineering. As part of the investment strategy, an agreement has been reached for Ricardo Marioni to merge his own electrical engineering business, SPJ & Company Ltd, into CAM.
Stan Schreuder has a strong background in Network Services, Business Development and Finance, including M&A. He is an independent consultant and investor who works mainly on the development of infrastructure projects. A graduate of Eindhoven’s Technical Business School, Stan worked for 10 years at Ericsson, in roles varying from Customer Project Management to Network Operations Management and Business Development. Between 1995 and 2002, he managed the telecommunications division of Detron and in 2002 he joined LCC, a leading engineering company in the telecommunications industry. He started as the co-founder of LCC’s local companies in the Netherlands, Belgium and Germany before taking on full P&L responsibility for Europe, Middle East and Africa. He left LCC in 2015, after the company was acquired by TechMahindra.
Ricardo Marioni is the Managing Director of SPJ & Company Ltd (NICEIC), an electrical and telecommunications installation business. The company has contracts with various ASPs and operators and has a strong reputation for reliability and innovation. Prior to joining SPJ, Ricardo held the role of Deployment Director for the UK and Ireland at LCC. Ricardo has held various positions of responsibility with leading names in the telecoms sector, including British Telecom, O2 and several engineering services companies. Ricardo is known for his strong leadership skills in board governance, and financial management.
David Pearson, Chairman of Cellular Asset Management will remain as Managing Director of the newly structured company. Peter Bridgman, the current Operations Director, is leaving the business amicably to make way for this arrangement.
David Pearson commented; “I am extremely pleased to welcome Stan Schreuder and Ricardo Marioni to the board at CAM. In addition to their investment in the business, I am delighted to welcome such experienced telecoms professionals to the team, who will add value and broaden our customer offering. Stan has experience of many major businesses in our sector and Ricardo brings with him the skills and capabilities of his entire team. I would also like to express my appreciation to Peter Bridgman for the excellent way that he has supported CAM since we made the decision to focus on our UK business. Peter has a strong track record with CAM, having created incredible success for us in Australia, and has given us dedicated support during a time of transition for our business. We will be in touch with all our customers individually in the near future to give them an overview of the new services that will be on offer from our restructured company.”