The Zenitel group announces the sale of Zenitel Netherlands BV
Following the sale of 85% of its system integration activities in Belgium and France, Zenitel Group today announces the sale of 85% of the shares of Zenitel Netherlands BV. The new entity will continue to offer ‘mission critical’ wireless communication solutions using the brand name Zenitel Netherlands.
The final closing of the sale, that is still conditional on the transfer of certain financial debts and on the finalization of a plan for reform, is planned to happen before 31 August 2009. The transaction will have a limited cash impact on the Zenitel group.
Zenitel Netherlands BV will be sold to a group of investors of which Crescent NV, the company that previously has bought Zenitel Belgium NV and the activities of Zenitel Wireless France SA. Mr. Rob Rentenaar, currently country manager of Zenitel Netherlands BV is also one of the investors and will become the managing director of the new company.