Trade Sale Citec to TeleForte
WALTER FRIES Corporate Finance GmbH acted as the exclusive advisor to the shareholders of C+ITEC AG selling their shares to TeleForte Telekommunikations AG, a company of Firstcom Europe S.a.r.l.
By the cooperation, C+ITEC AG assures the intended alignment towards an “ITK Full-Service Provider”. The company is now able to provide all modules of telecommunication to their customers. The holding company FirstCom Europe S.a.r.l
pursues the objective to expend the extremely dynamic business segment of Cloud Telephony sustainably by the strategic acquisition.
»The very good experiences with the WALTER FRIES Group in the past have led us to assign them for the transaction process. The negotiation process was prepared and realized highly professional. But just as important is the trust in our advisor, the personal accompaniment during the emotional parts of the transaction. Therefore we had a strong feeling of being in good hands.«
About C+ITEC AG
The C+ITEC AG is an innovative and dynamic company located in Aschaffenburg/Main. As a system house for communication and information technology the focus areas are telecommunication, unified communications, voice over IP, cloud communications, software development and applications. From consulting via planning to installation as well as trainings C+ITEC AG provides complete system solutions for every segment which are ideally adapted to the customers requirements. www.citec-ag.de
About TeleForte Telekommunikations AG
The TeleForte Telekommunikations AG is a renowned company in the area of modern corporate communication located in Augsburg. As a leading provider of service numbers, routing management, cloud communication, site networking as well as worldwide voice and data connections TeleForte represents national and international competence, innovation and highest quality of service. www.teleforte.com