[THE INVESTOR] Dasan Zhone Solutions, the US subsidiary of Korea’s Dasan Networks, on Oct. 10 said it is acquiring Keymile, a German manufacturer of broadband access solutions, for 10.25 million euros (US$11.79 million).
The two broadband vendors have signed a deal that is set to close in the fourth quarter of this year.
“I am delighted to welcome Keymile to our DZS family. This acquisition represents the continuation of our transformation from a leading networking equipment provider to a solutions vendor with next-generation software and services, said DASAN Zhone Solutions CEO Yung Kim. “With this deal, we can capture the broader, global market opportunities and continue to elevate our position as a leading broadband vendor and trusted advisor to prominent carriers and enterprises.”
Established in 2002 and based in Hanover, Germany, Keymile offers a series of multi-service access platforms for FTTx network architectures, including ultra-fast broadband copper access.
The purchase is expected to strengthen DZS’ network solutions portfolio and secure new customers utilizing Keymile’s strong presence in Europe and Latin America, according to the firm.
DZS, headquartered in Oakland, California, was created in 2016 with the merger of Dasan Network Solutions and Zhone Technologies. It offers an array of telecommunications networking technologies, including broadband access, mobile backhaul, ethernet switching and software-defined networks, among others.
By Ahn Sung-mi (firstname.lastname@example.org)