Weiss + Appetito takes over the TelcoNet Services unit from Ascom
Ascom transfers its TelcoNet Services (TNS) unit to Weiss + Appetito Holding AG, a construction and service company based in Bern. TNS was part of the business unit Telecom Solutions of the former Division Security Solutions.
TelcoNet Services (TNS) offers services for the planning, operation and maintenance of telecom infrastructure. Weiss + Appetito will acquire from Ascom all rights and obligations pertaining to this business. The majority of the staff of TNS in Switzerland and Germany will transfer to Weiss + Appetito. Both parties have agreed not to disclose the purchase price.
Pio Brönnimann, Chairman of the Board of Weiss + Appetito Holding AG, states: "With this acquisition we enlarge the offering for our customers and further strengthen our strategy of a single-sourced general contractor. We are capable now to plan, execute, operate and maintain telecom networks for mobile and fixed-lined communication".
Fritz Gantert, General Manager of Ascom Security Communication, says: "I am convinced that the right partner has been chosen with Weiss + Appetito and thus a customer focused solution for the continuation of this business has been found".
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.
Internationally active in the construction and service sectors, the group is headquartered in Bern and operates a holding structure comprising four market-facing companies: the services company with a bundle of services including total contracting, telecom, property, Casvita, technical services and marine; the construction company with civil engineering and road construction, reconstruction/refurbishment, pipeline/ducting technology, plus flooring and floor coverings; the special services company with suction and pumping of solids and liquids; meanwhile the management company offers its business support services to the group as well externally.
The group operates 22 local branch offices in five countries and across Switzerland. It employs in the region of 400 people and is focused on providing high-quality training. Nominal shares in Weiss+Appetito Holding AG (Valor 262678) are traded in Bern and on the OTC market.
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