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Acquisition of TEMS successfully completed
TEMS (www.ascom.com/tems) is a software company with a global market leadership position in optimization solutions for mobile networks. In 2008, TEMS generated total revenues of CHF 165 million. The acquisition significantly increases Ascom’s revenue and is expected to be EPS (earnings per share) accretive in 2010.
This acquisition represents an important strategic step for Ascom, creating a global market leader for mobile network benchmarking and optimization. TEMS adds global market leadership in mobile network optimization with a presence in 17 countries around the globe to Ascom’s existing Mobile Test Solutions (MTS) business.
Rikard Lundqvist will continue to head up the TEMS Business Unit in his role as Managing Director and will as such report directly to Riet Cadonau, CEO Ascom Group. TEMS will form, with Ascom's Mobile Test Solutions (MTS), a new third division named “Network Testing”, from January 2010. Ascom will then have three clearly focused divisions going forward: Wireless Solutions, Security Communication and Network Testing – all three being homogenous units under the common umbrella of “mission-critical communication”.
About Ascom
Ascom is an international solution provider with comprehensive technological know-how in Mission-Critical Communication. The company concentrates on core areas as Wireless Solutions (high-value, customer-specific on-site communications solutions), Network Testing (a global market leader in optimization solutions for mobile networks) and Security Communication (applications for security, communication and control systems for infrastructure operators, public security institutions and the army). The company has subsidiaries in 20 countries and a workforce of some 2,300 employees worldwide. Ascom registered shares (symbol ASCN) are listed on the SIX Swiss Exchange in Zurich.
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