Spectrum completed its acquisition of WaveTech.

Spectrum Global Solutions, a provider of the next-generation communications network and professional services to telecommunications and enterprise markets, completed its acquisition of WaveTech, a German-based Company with a technology platform that provides efficient and reliable energy infrastructure for telecommunication networks and data centers. Financial terms were not disclosed. “Our acquisition by Spectrum is an incredibly exciting moment in the history of our Company. As we transition our unique battery life extension product and our technology platform into an established commercial product, the skillset that the team at Spectrum bring to the table is invaluable. We have several existing partnerships in place with a solid opportunity pipeline facing us today. This transaction allows us to deliver upon the potential that our technology enables, providing our combined shareholders with an incredible value proposition,” Dag Valand, WaveTech CEO and Founder.