Announced
Financials
Sources
Tags
Single Bidder
Poland
Private
Telecommunications Services: Other
Majority
telecommunications
Pending
Acquisition
Friendly
Cross Border
Synopsis
Euro Techno Com Group, a value-added distributor for the telecom network and technology infrastructure industry, agreed to acquire Klonex-VCS, a telecommunications services provider. Financial terms were not disclosed. “This acquisition is another step in ETC’s growth, broadening our geographic footprint into the attractive and growing Polish telecoms market while also providing technological diversification, new capabilities, and a strong set of long-term customer relationships with key partners. We look forward to working with Mirosław, Witold and the entire team as we continue building ETC’s position as a category leader and natural consolidator in the highly fragmented telecoms infrastructure and technology market,” Cédric Varasteh, ETC Group Founder and Co-Chairman.
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