OREANDA-NEWS. July 27, 2015. Technetix Group Ltd (Burgess Hill, UK), a leading global broadband cable and telecommunications equipment supplier, today announced its agreement to purchase the assets of ARRIS Supplies Division-formerly Telewire Supplies and part of the ARRIS Group, Inc. (NASDAQ: ARRS).

The acquisition will enable significant growth and market traction for Technetix, expanding its footprint in the Americas and offering customers a greater range of solutions and support services.

Technetix will merge the ARRIS Supplies business into its existing USA operations in Denver, Colorado, enhancing its local platform for innovation and better serving the region's leading cable operators. The transaction is expected to close in the latter half of Q3, 2015.

Paul Broadhurst, CEO of Technetix Group, said, "We are delighted with this acquisition as Technetix and ARRIS Supplies are complementary businesses. We are committed to working with ARRIS to ensure that the expectations of ARRIS Supplies' customers are met throughout the acquisition process and beyond. We will continue to serve our customers, both new and existing, with innovative products and enhanced service. This acquisition will be transformational for Technetix and will place the company in an ideal position for accelerated growth in the Americas market, adding customer base, extensive products and broad employee talent."


John Caezza, President of ARRIS Access Technologies said, "The ARRIS Supplies team delivers unique expertise and technology know-how that will help drive innovation for the Technetix product portfolio and better serve its customers. Our leadership in the Americas will bolster Technetix' local footprint, while serving as a platform for its global growth."  

About TECHNETIX:

Technetix operates successfully across Europe, North America, Latin America and the Asia Pacific region, differentiating itself from competitors by gaining detailed knowledge of its customers' requirements and delivering intelligent, award-winning solutions to the marketplace. We bring value to our customers by forming consultative partnerships with them, offering 25 years' experience of broadband network technologies. The nature of our relationships means that once a need has been identified, the solution can be developed and brought to market quickly; it's one of the reasons why we're the tried, tested and trusted supplier to 1,800 customers in 70 countries. From headend to the home, we provide products and services through the entire HFC network. And we're the major European provider of products used in the final mile of broadband cable networks. As a result, you'll find our product solutions embedded throughout networks around the world.