The partnership will extend the SEN Group’s reach in 27 countries, with Netlink acquiring the SEN Group’s world-class product and service portfolio in those countries. Customers will enjoy full continuity of service while benefiting from the broader portfolio of capabilities that the relationship delivers.
Commenting on the new partnership, Mark Stone, CEO and Chairman of SEN Group said, “We are very excited to be partnering with Netlink, a solutions provider with a rich heritage of sustained growth and outstanding customer satisfaction.”
The agreement, representing €204 million ($308 million) over the SEN Group’s fiscal 2008, includes Netlink’s acquisition of the SEN Group’s local assets across these countries: Estonia, Latvia, Lithuania, Finland, Sweden, Ukraine, Greece, Switzerland, Turkey, Ireland, Hungary, Bosnia, Bulgaria, Croatia, Slovakia, Slovenia, Serbia, Romania, Singapore, Malaysia, Thailand, Ecuador, Peru, Portugal, Venezuela, Chile and Canada.
Dilip Dubey, CEO of Netlink comments, “We are delighted to have this opportunity to partner with the SEN Group, which represents a further stage in the phenomenal growth journey of Netlink. We are looking forward to working with the SEN Group’s customers in all 27 countries to support them in their continued success.”
Stone concludes, "This announcement signifies another major step forward for SEN Group. It will provide enhanced capabilities to our customers, increase growth potential around the globe and will make smarter use of Netlink and our combined resources. It’s a win-win-win result.”
Completion of the agreement is expected in 6-8 weeks, in accordance with local laws and other required regulatory approvals.