Acquisition extends Mentum’s global reach and enhances product offerings
PARIS, FRANCE— APRIL 16, 2010 - Mentum®, the industry’s leading wireless access and backhaul network planning and optimization company, today announced a definitive purchase agreement with Ascom for the TEMS CellPlanner and LinkPlanner product lines. The agreement transfers intellectual property, customer contracts, member staff, equipment and office located in Kista, Sweden.
The combination of Ascom and Mentum products, services and expertise creates the world’s largest and most innovative wireless access and backhaul network planning company. The acquisition brings together some of the strongest solutions and competencies in the space, enabling Mentum to reinforce its leadership in 4G and network engineering automation.
“The acquisition of Ascom’s network planning business, following our major acquisition in July 2007, illustrates the company’s growth strategy,” declared Philippe Catherine, Chairman and CEO of Mentum. “This operation is in line with Mentum’s goal to consolidate the market and to fulfill its vision of worldwide leadership in the area of network planning, design and optimization.”
“The acquisition of Ascom’s network planning business unit strengthens Mentum’s position as a market leader and underscores the company’s commitment to driving innovation and providing customers with best-in-class network planning tools,” commented Bernard Breton, Chief Operating and Strategy Officer at Mentum. “By combining the strength and expertise of our teams, we will rapidly deliver innovative solutions that provide tangible benefits for both our customers and our partners.”
This acquisition is expected to close by the end of the second quarter.
