Technetix, the global technology supplier, has completed the acquisition of the broadband equipment business of Germany-based ECAD.
Technetix said its customers will benefit from access to a greater range and depth of FTTH and broadband cable technology products, both in Germany and globally. 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, CEO at 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, MD at ECAD Group, added: “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.”