Technetix Group acquires broadband business of ECAD GmbH
Affirming our commitment to the German broadband market and enhancing our value proposition globally with an increased range of innovative FTTH products
26th February 2020, Albourne, United Kingdom – Technetix, the award-winning global technology supplier, today announced the completion of the acquisition of the broadband equipment business of ECAD GmbH, Germany.
Our customers will benefit from access to a greater range and depth of outstanding FTTH and broadband cable technology products, both in Germany and globally. The acquisition will enable accelerated growth and market traction for Technetix, particularly with additional German offices in its global network. The ECAD operation will become an integral part of Technetix, enabling the company to further expand its extensive portfolio, while providing a smooth transition to ECAD’s customer base.
Paul Broadhurst, Chief Executive Officer, Technetix Group, said, “We are delighted with this acquisition as Technetix and ECAD have complementary businesses. We are committed to a swift and seamless integration and will continue to serve customers with innovative products and enhanced customer service. 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.”
Volker Wieland, Managing Director, ECAD Group GmbH said, “Technetix and ECAD share the same philosophy around creating innovative products, an absolute relentless focus on quality and dedication to customer service. Technetix was the natural choice for continuing to grow ECAD’s broadband business. 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. Both Technetix and ECAD are committed to continue delivering on customers’ expectations without disruption or distraction throughout the transition.”
Dedicated to helping broadband cable operators better compete – and win – Technetix is a trusted, professional and customer-focused global provider of broadband equipment. Founded in 1990, the company is passionate about engineering and prides itself on helping customers serve millions of subscribers every day. Technetix listens, innovates and delivers technologically advanced products and solutions that enable flexible, powerful networks; increase revenue and market share; and provide a better service experience. With cutting-edge solutions like DBx, Virtual Segmentation and Remote PHY, Technetix is a partner that cable operators can count on to achieve their most ambitious goals. The company sells into leading cable operators in 70 countries. www.technetix.com
Paul Broadhurst (Group Chief Executive Officer, Technetix Group Ltd)
Tel: +44 7753 755888
Maria Tyrrell (Group Marketing Director, Technetix Group Ltd)
Tel: +44 7949 130841