Technetix says it has affirmed its commitment to the broadband market through the acquisition of the broadband equipment business from Germany’s ECAD GmbH.
The Albourne-based company expects to benefit from the additional German offices acquired from ECAD as well as expanding its product range.
“We are committed to a swift and seamless integration and will continue to serve customers with innovative products and enhanced customer service,” said Technetix CEO Paul Broadhurst. “This purchase will expand Technetix’ business in Germany with the addition of ECAD’s very talented sales and engineering teams. We will also extend our range of FTTH products which we will be promoting globally.”
“Technetix was the natural choice for continuing to grow ECAD’s broadband business,” added Volker Wieland, Managing Director, ECAD Group. “We are confident that the combination of both businesses will further drive innovation and give customers a wider and deeper choice of market leading products.”
Financial details have not been released.
