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Australia : AUSSIE reseller purchased by Global comms vendor for $14m.

Swiss communications vendor Ascom has given $14 Million to acquire its long-time Australian channel partner, Integrated Wireless.

Leo Silver, managing director of the newly named Ascom Integrated Wireless said, "We were the exclusive partner for importing and distributing Ascom products in Australia, but we wanted a chance to be a part of a global business, to expand in both in Australia and Asia .

The closing purchase price included of a debt-free value of $9 million plus $5 million cash, as per to Ascom. The vendor is moreover obliged to pay an additional $1 million suspended for one year, based on revenue and profit targets.

Ascom CEO Fritz Mumenthaler said, "With this acquisition we do not only gain direct access to the Australian and New Zealand market, but also have the opportunity to combine Integrated Wireless software and integration competence with our existing portfolio .

Integrated Wireless had 62 staff members at the time of the takeover; all have transferred to the new Ascom subsidiary.

Silver said, "We're now a wholly owned subsidiary and operate independently within the local market . "Ascom is keen to expand into Asia, and we have the delivery capability for that region."

Integrated Wireless specialised in mission-critical communications, opening with traditional paging and telephony then transitioning to the modern era with wireless technologies. The integrator's software division associates with Juniper and VMware..

"Voice messaging and location services is our focus these days and we aim to be carrier agnostic," said Silver. "A classic installation for us would be in hospitals."

Integrated Wireless' clients comprised hospitals, aged care, prisons, and manufacturers. Healthcare and aged care produced around 70 percent of its 2012/13 total revenue of around $13-14 million, as per to Ascom.

Mumenthaler said, "This transaction represents the next step in building and strengthening the leading position of our wireless solutions division in the global healthcare communications market .

The Ascom Group focuses in wireless solutions and network testing, and hires 1600 people in 17 countries internationally.

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Publication:Mena Report
Geographic Code:8AUST
Date:Apr 17, 2014
Words:341
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