Mergers and Acquistions News
Categories: Telecoms
September 23rd 2008, 11:57AM
Technology services company telent announced this week that it has purchased UK-based Premises Networks Management (PNM).
Chief executive Mark Plato suggested that the deal could create a powerful force within the telecommunications systems integration industry, given telent's size and PNM's customer base and expertise.
"Together, we provide a compelling proposition of skill, experience, domain knowledge and financial scale," he remarked.
PNM has accreditations from Microsoft and Mitel and counts BT and numerous local councils among its customers.
It is also one of only three Aastra Advanced Sales and Service Business Partners operating in the UK.
Meanwhile, telent has a presence both in Britain and Germany and has annual revenues in excess of £300 million.
It was founded in 2005 following Ericsson's acquisition of Marconi in October of that year. It currently employs well over 2,000 workers and serves a number of major businesses, including Virgin Media and Network Rail.
The financial details of the PNM acquisition were not revealed.
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