Riedel acquires Swiss firm Tele Comm Sportservice

Deal expected to extend Riedel's install and live projects into the winter sport sector.
Author:
Publish date:
Social count:
0
IE_20150211_Riedel-Ski_100px.jpg

Riedel Communications has announced its acquisition of Swiss communications specialist Tele Comm Sportservice.

For more than two decades, Tele Comm Sportservice has been a major 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," said Roger Hess, general manager of Riedel Communications Switzerland in Zurich. "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 percent of Tele Comm Sportservice AG shares, and with this move, Riedel claims to have become the largest provider of wired and wireless intercom solutions in the Swiss market.

At the same time, the deal will enable Riedel Communications to extend its involvement in international winter sports.

"We are pleased to partner with Riedel Communications," added Kurt Waldmeier, CEO of Tele Comm Sportservice. "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. Riedel Communications, with its global network, provides us with the framework to develop our business across new markets and varying economic conditions."

http://www.riedel.net

http://www.telecommsport.ch/

Related