Technetix Group Ltd, the leading global broadband technology provider, today announced completion of the purchase of Lindsay Broadband Inc. (Peterborough ON, Canada).
The acquisition will enable significant growth and market traction for Technetix, expanding its footprint in the Americas and offering our customers a broader range of solutions for HFC, fiber and mobile networks.
Technetix will add Lindsay’s HQ site in Canada located in Peterborough, covering sales, R&D, distribution and manufacturing departments and its sales all across the Americas, adding to Technetix’ existing Americas presence in Denver CO, USA and Mexico City, Mexico.
Paul Broadhurst, CEO of Technetix Group, said, “We are delighted with this acquisition as Technetix and Lindsay Broadband have complementary businesses. The transaction positions the company for accelerated growth in the Americas market, adding customer base, extensive new products and broad employee talent to the Technetix team.”
David Atman, President of Lindsay Broadband said, “The Lindsay Broadband team delivers unique expertise and technology know-how that will drive additional innovation for the Technetix product portfolio globally and allow the group to better serve its customers. Our leadership in the Americas will bolster Technetix’ local footprint while serving as a platform for its global growth.”