Mergers and Acquistions News
Categories: Telecoms
February 5th 2010, 17:18PM
Berliner Communications, which provides installation and site acquisition services to the wireless industry, has merged with UniTek USA, a provider of engineering and installation fulfilment services to broadband cable and satellite television companies.
Under the terms of the merger deal, UniTek owner HM Capital and its affiliates will own approximately 80 per cent of the common stock of Berliner, which will change its named to UniTek Global Services.
UniTek Global Services will have a combined workforce of more than 5,400 working throughout the US and Canada and an estimated revenue of approximately $360 million (£230 million) for 2009.
"This combination represents UniTek reaching another milestone in our growth and execution strategy," said Scott Hisey, chief executive officer of UniTek USA.
"We see tremendous opportunities in the wireless sector and we have combined with a great company that is extremely well-positioned to grow with the industry."
Berliner Communications provides all elements of a wireless network, from design and site acquisition to construction, technical services and power solutions.
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