USA's SpectraLink acquires one of Denmark's oldest telecompanies  

2005.12.14
SpectraLink, a US leader in wireless telephony for the corporate sector, has acquired Kirk Telecom based in Horsens, Jutland for DKK 388 m

SpectraLink, a US leader in wireless telephony for the corporate sector, has acquired Kirk Telecom, a leading global provider of on-site wireless communication products based in Horsens, Jutland for DKK 388 m (USD 62 m). The acquisition is expected to give SpectraLink a foothold on the European market and Kirk Telecom a foothold in the US.

Peter Skov, managing director of Kirk Telecom comments: "The two companies match each other very well. SpectraLink has its weight in North America, a market we are currently entering. At the same time they have a strategy to venture outside North America where we have a really good position. So both companies get a step closer to their vision of becoming global companies".

SpectraLink has an office in the UK, but following the acquisition it will concentrate its European organisation in Horsens. John Elms, managing director of SpectraLink says: "We expect to gain both an efficient distribution channel and a critical mass in Europe through Kirk. There are very few overlaps in the organisation, so we expect to keep it as it is now".

Kirk Telecom was founded in 1890 and is one of Denmark's oldest telecompanies. It employs 160 people. SpectraLink is headquartered in Denver, Colorado and employs 370 people. The company is listed on Nasdaq. The news was reported by financial daily newspaper Børsen.

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