Telecon Group has bought the assets of AGIR Consultants Inc, a telecommunications services provider with offices in Québec. The financial terms of the deal were not published. Telecon, a Canadian specialist in the design, location, construction, maintenance and repair of telecommunications networks, said the acquisition will reinforce its Québec market presence. Based in Pointe-aux-trembles, Québec, the company is a portfolio investment of Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec. Last year, the two investors financed Telecon’s buy of the engineering services unit of Netricom.
TELECON Announces the Acquisition of AGIR Consultants Assets
The transaction will consolidate TELECON service offering in the engineering and design of telecommunications networks in Québec
MONTREAL, July 6, 2015 /CNW Telbec/ – TELECON, the undisputed leader in the building of telecommunications networks, today announced the acquisition of AGIR Consultants assets. This transaction allows TELECON to reassert its presence in Québec, in addition to consolidating its range of engineering services and network design, to better serve its customers.
More than 100 highly skilled employees of AGIR Consultants, recognized for the quality of professional and technical services required for engineering and designing of telecommunications networks, will join TELECON. All jobs are preserved.
“This transaction reaffirms our determination to becoming Canada’s leading telecommunications network builder. This acquisition enables TELECON to consolidate its presence in Québec and continue to distinguish itself from the competition by offering a range of fully integrated services – from design to construction – and that, across the country,” said André Héroux, President and CEO.
TELECON, whose headquarters is located in Pointe-aux-trembles, offers turnkey solutions as well as specific and dedicated services for the design, locate, construction, maintenance and repair of telecommunications since 1967. Its customers include major players in the telephony, cable television and Internet sector, as well as telecommunications network operators. The company now has more than 2,500 employees, including nearly 900 in Québec. In 2011, Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec became majority shareholders and invested $60M in the company.
SOURCE TELECON Group
For further information please contact:
Alain Bourget – Public Relations (514) 994-1816; Source: Francine Bourget – Vice President Human Capital and Corporate affairs, TELECON
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