Cinven-backed ETC Group to acquire BTV Multimedia.

Cinven-backed ETC Group, a telecom network and technology infrastructure company, agreed to acquire BTV Multimedia, a broadband network equipment provider. Financial terms were not disclosed. “We are pleased to join ETC Group, one of the category leaders in the highly fragmented telecoms infrastructure and technology market. Combining our presence across the rapidly growing broadband markets in DACH and the Nordics offers an attractive strategic fit which we believe will position the group to deliver growth over the long term. We look forward to working with the ETC team on this exciting next step for our business,” Joe Doering, BTV Multimedia CEO.