« alarm:clock euro Venture Quiz Question | Main | Photonics Startup Oxxius Raises $10M For Tiny Laser Tech »
September 12, 2006
VC-Backed OneAccess Buys Telindus Division
Paris-based OneAccess, a manufacturer of routers and IP equipment, has acquired Telindus Access Products (TAP) division of Telindus Group in Belgium. The deal is meant to consolidate the French company's position in the broadband for business market and make it better equipped to compete with American and Chinese vendors, the firm's CEO said in a statement.
The Telindus broadband product division acquired by OneAccess consists of 113 employees that generate about €18.5M a year in sales. It includes R&D, manufacturing, logistics and sales staff used to selling niche-market access products. All current Telindus employees will continue their activities with the same conditions in the Telindus' premises in Haasrode, Belgium.
Founded in 2001, OneAccess is backed by Innovacom, T-com Venture (corporate VC unit of Deutsche Telekom), CDC Entreprises Innovation, Tempo Capital Partners, AGF Private Equity, and CIC Finance.
As a resutl of the acquisition, OneAccess will employ 230 and Telindus, the ICT Solutions and Services arm of Belgacom will be a strategic partner for the distribution and support.
Read - OneAccess Acquires Telindus Access Products Division (prnewswire)
Posted on September 12, 2006 12:46 PM | Posted to Broadband Networks | News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/2010
