Monday, 19 November 2018

KEYMILE to become part of DZS

posted by Ella from PR-COM
Monday 08 October 18

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&rsquo…

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.


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