Cinven-backed ETC Group, a distribution, logistics, technical engineering, and product design company, completed the acquisition of Amadys, a telecom passive equipment provider. Financial terms were not disclosed. “We are excited to be working with ETC in the next stage of Amadys’ development. Since 2016, we have grown almost exponentially, across revenue, employee count and product capabilities. We are looking forward to what we can achieve with ETC’s investment in this new capacity as a combined organisation. As our customers know, the central priority of our business has been the commitment to providing the best end-to-end solutions in the market and that will only continue with ETC,” Hein Wilderjans, Amadys CEO and Co-Founder.