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Ekinops to acquire optical transport network platform from Padtec for EUR 10 mln

Wednesday 29 May 2019 | 10:36 CET | News
Ekinops has announced the acquisition of OTN-Switch, an optical transport network platform developed by Brazilian manufacturer Padtec. As part of the deal, Ekinops will pay EUR 10 million in cash, financed with cash resources and debt. The acquisition also covers an R&D team of 25 engineers based near Sao Paulo, which will become part of the company's new Brazilian operations, to be managed by Jean-Luc Pamart, Ekinops' VP of R&D for optical transport.

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Categories: Internet
Companies: Ekinops / Padtec
Countries: Brazil / World
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