Electronics and electrical engineering company, Reunert, today announced it has acquired the business of ECN Telecommunications (ECN) for an undisclosed purchase price. The transaction is subject to approval by the South African competition authorities.
ECN's existing portfolio of IP-based telecommunications services will add converged voice and data capabilities to Reunert subsidiary Nashua Mobile.
John Holdsworth, CEO of ECN, said: "The acquisition will provide significant value and benefit to the customers of both businesses as a result of the enhanced and complementary product offerings and development focused on converged voice and data and fixed and mobile solutions.
“There are also excellent opportunities to share knowledge and leverage expertise across the group, which along with our combined product sets and technology platforms will strengthen our ability to serve customers."
Reunert CEO Nick Wentzel said: "This acquisition is an important milestone in complementing the products offered by Nashua Mobile and that of the larger Nashua group. One of the aims of the Nashua group is to offer total solutions comprising office automation, telecommunications and information technology services to its business customers."
Andy Baker, CEO of Nashua Mobile, said: "The acquisition of ECN brings great value to our endeavours to bring fully converged services to our customers. With the migration from least-cost routing to VOIP, this addition positions us perfectly to capitalise on the opportunity to manage the migration and continue to reduce communication costs for our customers."