ETC Group to acquire TIBA.

Euro Techno Com Group, a value-added distributor for the telecom network and technology infrastructure industry, agreed to acquire TIBA, a telecommunications equipment supplier. Financial terms were not disclosed. “We are delighted to join ETC Group and believe our business will continue to thrive by combining our expertise, product offerings, and customer relationships. The opportunity to support customers throughout Austria and the DACH region with network upgrades and deployments is significant, and we believe as part of ETC Group, the business is ideally positioned to deliver growth over the long term with a full one-stop shop offering and augmented sourcing capabilities,” Andreas Fleck, TIBA Managing Director.