Announced
Financials
Sources
Tags
Single Bidder
Private Equity
Acquisition
Domestic
Pending
Internet
Friendly
Majority
internet service provider
Hungary
Private
Synopsis
4iG, an IT service management company, agreed to acquire Invitech, an Internet service provider in Budaörs, Hungary, from CEE Equity, a private equity firm. Financial terms were not disclosed. "Invitech, one of the key players in the Hungarian infocommunications market, is expected to operate not only in the 4iG telecommunications portfolio, but also be a part of a national telecommunications holding company in the future," Gellért Jászai, 4iG President and CEO.
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