Mutares, a private equity firm, completed the acquisition of Alan Dick Communications, a telecommunication services provider, from Panasonic. Financial terms were not disclosed. “This acquisition is an excellent fit with our existing portfolio company Gemini and strengthens our commitment to the UK rail sector. We see significant commercial synergies between the two portfolio companies, especially as ADComms has a proven ability to win large projects owing to its experienced management team. I am confident that the combined knowledge base of Gemini and ADComms will lead to significant growth for both companies and an increase in shareholder value for our Group," Johannes Laumann, Mutares CIO.