Zenitel signs agreement with Jotron AS to acquire Phontech
Today it has been announced that Zenitel has signed an Asset Purchase Agreement whereby Zenitel Norway AS intends to acquire the Phontech operations from Jotron AS.
Phontech specializes in Intercom and Public Address & General Alarm solutions for the Maritime and Oil & Gas markets, with a worldwide market presence.
Acquisition shores up Zenitel's maritime position
The agreement has been welcomed by both parties. The change in ownership allows Jotrun to maintain growth in their Air Traffic Control segment, while the strategic acquisition will strengthen Zenitel’s position as a worldwide market leader for intelligent communication solutions in the Maritime industry.
For more information about the agreement, please read the press release.