French company acquires Comtec
Comtec in Huntingdon has been acquired for an undisclosed sum by French business Euro Techno Com Group (ETC Group), a distributor of telecoms equipment and supplies.
Comtec, a £60 million group, is one of the UK’s largest value-added distributors of telecom and datacoms products.
Based on the Ile-de-France, ETC Group has operations across six countries in Europe and North America.
It is regarded as a global leader in product design, procurement,
supply chain management and the distribution of passive and active telecom equipment and materials with best-in-class technical and logistics solutions for communications service providers’ network deployment and maintenance.
Its 2,000+ customers include major American and European cable operators and telecoms service providers, as well as large and small independent installers and sub-contractors.
Founded in 1978, Comtec Group is one of the UK’s largest value-added distributors of telecom and IP equipment to both the carrier and enterprise markets, and a specialist in supply chain management for
telecoms operators and systems vendors.
It serves most major telecom operators and installers in the UK and the Middle East, including BT, Virgin Media, Sky and Ooredoo. The company has experienced continuous growth since inception and has scaled through targeted acquisitions and sustained international growth. Comtec has seven offices across the UK, Oman, Qatar, the UAE and Hong Kong.
For ETC Group, the transaction allows it to further expand its geographic footprint and customer base.
In particular, it now benefits from a strong foothold in the fast-growing UK market, where all major telecom operators and alternative networks have started a long-term deployment phase of fibre across the country to support the ever-increasing demand for high-speed connectivity.
The acquisition also allows ETC Group to serve the growing IP infrastructure market for enterprise customers and further expand its offerings and expertise in data centre supply and maintenance.
For Comtec, the transaction provides additional offerings for its customers, particularly in the areas of product design, technical services, supply chain management services and logistics outsourcing for telecoms service providers.
John Archer, CEO of Comtec, said: “We are delighted to join ETC Group and to combine our offering, expertise and scale to further support our customers in accelerating their fibre and IP infrastructure deployments. The acceleration of fibre roll-out will create several business opportunities for which the enlarged group is uniquely positioned.”
John and his fellow Comtec managing directors, John Buck and Dan Conway, remain with the business.