- The acquisition will enable significant growth and market traction for Technetix, expanding its footprint in the Americas
- Technetix has been backed since 2018 by Liberty Global Ventures, an investment arm of Liberty Global
Albourne, UK-based Technetix Group has acquired Peterborough, Ontario-based Lindsay Broadband, a manufacturer of specialized broadband transport products for the telecommunications industry. No financial terms were disclosed.
Technetix is a broadband technology provider. The acquisition will enable the company’s significant growth and market traction, expanding its footprint in the Americas.
Technetix will add Lindsay Broadband’s headquarters in Canada, covering sales, R&D, distribution and manufacturing departments and its sales all across the Americas, adding to Technetix’ existing Americas presence in Denver, Colorado and Mexico City.
Paul Broadhurst, CEO of Technetix Group, said in a statement, “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.”
Technetix has been backed since 2018 by Liberty Global Ventures, an investment arm of Liberty Global.