A subsidiary of euNetworks Group, euNetworks has signed a definitive contract to acquire TeraGate AG Storage Optical Network, a German company of EGORA Holding and of DB Industrial Holdings Beteiligungs KG.
The acquisition of TeraGate is a natural addition to euNetworks Group, after the acquisition of LambdaNet, with a predominant customer base in the German market.
TeraGate is a service provider for advanced corporate WAN across Germany with a sophisticated customer-support and a market dominating value proposition. By providing both international and national level solutions to ventures regardless of medium or large, the portfolio TeraGate product depends on smart Ethernet and proficient cloud services and data centre.
According to Brady Rafuse, CEO of euNetworks, TeraGate acquisition was one step forward in developing its German business after the acquisition of LambdaNet. TeraGate receives great customer support as its customers largely purchase several products across seven of the prevailing metropolitan markets of euNetworks in Germany, he added. With effective footprint of euNetworks in metropolitan market, the company is anticipating to bring more than 50 buildings on-net, diminishing network expenditure, he stated. Brady added that in addition, operations and footprint of LambdaNet’s Pan German are anticipated to offer further synergies.
Jürgen Hansjosten, CEO of TeraGate, stated that this agreement with euNetworks will offer broad service options to TeraGate’s customers. The network portfolio and footprint presently available to TeraGate’s customers will further strengthen the trust of customers towards the company, he added. Additionally, TeraGate can now offer measurable solutions more effectively and efficiently to companies seeking to meet their communications requirements.
Source: http://www.eunetworks.com/