Swiss IPTV set-top maker and access technologies vendor Albis Technologies is acquired by UET United Electronic Technology.
It will be merged with UET’s ELCON Systemtechnik. object is to provide Telecommunications Service Providers with a comprehensive product portfolio including Multimedia Access Solutions and Engineering Services.
“Albis Technologies’ products, customers, and markets perfectly complement our existing systems business unit,” said Werner Neubauer, CEO, UET United Electronic Technology. “Our systems business unit provides telecommunication service providers with a comprehensive product portfolio that includes multimedia solutions as well as products for voice migration to all-IP networks, remote power feeding, network management, and access solutions for business and residential customers. The product portfolio will be supported by more than 150 engineers. Thanks to our combined sales forces, UET will have a broader reach throughout Europe, the Middle East, South America, Asia, and Africa.”
“This acquisition makes perfect business sense, as it gives UET United Electronic Technology a richer toolset of solutions, a stronger combined sales force with an increased market coverage, and major uplift in R&D investments with reduced operating costs,” said Peter Winkler, managing director, Albis Technologies. “We look forward to being part of the UET group and being able to support our customers at an even greater capacity with innovative and best-in-class solutions.”
Albis Technologies and ELCON Systemtechnik will jointly develop the existing portfolio from both units, and invest in new technologies and markets.