Riedel Communications has announced the acquisition of Swiss communications specialist Tele Comm Sportservice. With the acquisition, Riedel Communications continues its growth path and becomes the largest provider of wired and wireless intercom solutions in the Swiss market.
For more than two decades, Tele Comm Sportservice has been a world-leading provider of communications solutions for temporary and permanent installations at live events. As an official International Ski Federation partner, the company specialises in supporting international ski competitions and other winter sports events.
‘Tele Comm Sportservice is an ideal fit for our portfolio,’ says Riedel Communications Switzerland GM, Roger Hess. ‘The regional strengths and core competencies of this established company in radio and communications, especially with regard to alpine skiing, offer us a perfect vehicle for driving continued growth.’
Riedel Communications now holds 100 per cent of Tele Comm Sportservice shares. The deal will enable Riedel Communications to extend its involvement in international winter sports.
‘To continue to grow, we have chosen a strong partner that can support our core portfolio and enable us to future-proof our business plan,’ says Tele Comm Sportservice CEO, Kurt Waldmeier. ‘Riedel Communications, with its global network, provides us with the framework to develop our business across new markets and varying economic conditions.’
More: www.riedel.net
