Circet to acquire CEIT.

Circet, a provider of repair and maintenance services of telecommunication infrastructures, agreed to acquire CEIT, an operator of networks and systems development and construction agency. Financial terms were not disclosed. “After several years of continued growth in the Italian market under Igefi’s ownership, this is a great milestone for CEIT and its employees to join Circet. In particular in the current phase of the Italian market where customers are requiring more and more investments and network deployment capabilities. Our entities will combine forces to keep providing high quality services to our clients, and write together a new chapter of CEIT’s history," Fabrizio Perletta, CEIT CEO.