Hanover, 8 October 2018 – DASAN Zhone Solutions, a global leader in network access solutions for service provider and enterprise networks, has agreed with the previous shareholders, private equity investors Riverside and Halder, to acquire KEYMILE. This strategic acquisition further expands DZS’s global footprint and accelerates the company’s vision of empowering global advancement.
Once the transaction is completed, KEYMILE, a leading German manufacturer of broadband access solutions, will become part of DZS. The new owner is headquartered in the US and listed on NASDAQ. In 2017, the company posted sales of $250m with a workforce of over 650.
As part of DZS, KEYMILE will be able to offer its customers an even more extensive portfolio of broadband access solutions
- Broadband access: optical fibre and copper access technologies that comply with today’s and tomorrow’s requirements of Gigabit networks;
- Ethernet switching: cost-efficient, user-friendly Ethernet switching platforms that offer migration paths to software-defined networks (SDNs)
- Mobile backhaul: flexible, cost-efficient and performance-optimised backhaul and fronthaul solutions for mobile access networks;
- Passive optical LAN: energy-efficient and space-saving enterprise networks with superior bandwidth and very good scalability.
“We’re delighted that we’ve found such an opportunity for synergy with KEYMILE in Europe,” said Yung Kim, CEO of DZS in Oakland, California. “German-made offerings from KEYMILE will provide additional choice as part of a broader portfolio that includes leading fibre solutions, positioning DZS to further strengthen and develop our position in the German and European markets.”
Lothar Schwemm, KEYMILE’s CEO adds: “As a part of DZS we’ll be able to even better respond to our customers’ requirements and offer them a much broader portfolio of solutions. Our customers will, of course, continue to benefit from our strengths as a German manufacturer in future.”
After the transaction closes, KEYMILE’s headquarters and production facilities are to stay in Hanover, Germany. After dealing with all the formalities, the transaction will be completed over the next few weeks. Those involved have agreed to keep the financial details confidential.
Lothar Schwemm is CEO of KEYMILE in Hanover. (Source KEYMILE)
KEYMILE is a leading provider of telecommunication systems for broadband access. The portfolio covers solutions for all types of FTTx network architectures: based on copper with VDSL/vectoring/G.fast technology and on optical fibre for active and passive optical fibre networks. Network operators worldwide use the products to provide top bandwidth to subscribers flexibly and cost-efficiently and to implement an open-source network architecture. Parallel operation of IP/Ethernet and TDM technology guarantees perfect migration to packet-based voice and data transmission. KEYMILE supports its customers with comprehensive services throughout the complete life cycle of a network. The company is headquartered in Hanover, Germany, with subsidiaries and partners worldwide and has installed systems in more than 100 countries.
About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc. (NASDAQ: DZSI) is a global provider of network access solutions for service providers and enterprise networks. The Company provides a wide array of reliable, cost-effective networking technologies—including broadband access, mobile backhaul, Ethernet switching, Passive Optical LAN, and software-defined networks—to a diverse customer base that includes more than 1,000 of the world’s most innovative network operators. DASAN Zhone Solutions is headquartered in Oakland, California, with operations in more than 20 countries worldwide.
For further information see: http://dasanzhone.com/.