Monday, 7 July 2008

NEC Acquires Engineering Company

NEC Europe, has announced the acquisition of Linecom Kft., a Hungarian engineering company.

This acquisition will represent NEC's first specialized PASOLINK engineering group in the Eastern European market; where product customization, engineering, maintenance and support were formerly outsourced to Linecom.

NEC's PASOLINK microwave communication systems enable rapid installation of telecommunication infrastructure, which is essential in order to meet global demands from new mobile subscribers and mobile internet services.

Following the acquisition, NEC plans to seamlessly meet a wide range of customer needs through total solutions that include hardware services, product customization, engineering, maintenance and support.

In addition to strengthening NEC's PASOLINK business in Eastern Europe, this acquisition will also capitalize on Linecom's resources and know-how to enable NEC to efficiently develop strategic business in Western Europe and potentially drive new product expansion.

In order to promote new growth and business operations worldwide, NEC says it will establish local engineering companies, in addition to Linecom, that are expected to drive the company's position in the mobile and wireless communication systems market.