Acquisition, ISP, Hungary

15 Jun 2010

GTS Central Europe, the Poland based European broadband optical and IP network provider and provider of voice and data communications in Central Europe, has agreed to acquire Interware Internet Szolgaltato ZRt, the Hungary based internet and telecom provider, for an undisclosed consideration.

The acquisition is in line with GTS' strategy of enhancing its business in Central & Eastern European region by supplying integrated telecommunications solutions for the carrier and corporate market. The acquisition will enable GTS to provide its customers better service in terms quality and reliability with the help of 1,490 square meters of data center space.

GTS Central Europe is a portfolio company of Columbia Capital, M/C Venture Partners, Bessemer Venture Partners, Oak Investment Partners, HarbourVest Partners, the US based private equity firm and Innova Capital Sp zoo, the Poland based private equity firm. The transaction is subject to competition authority and regulatory approval and expected to close by the end of the third quarter of 2010.

~ mergermarket