Telindus Sells Access Unit

PARIS, France and HEVERLEE, Belgium -- OneAccess, European leader of enterprise access routers and professional multiplay IP devices announced today the acquisition of Telindus Access Products (TAP) division of Telindus Group. The TAP division will be transferred to OneAccess Belgium before the year end.

The TAP-division acquired by OneAccess consists of a team of 113 employees, mainly active in R&D, manufacturing, logistics and sales of niche-market access products and represented in 2005 3% of the total turnover of the Telindus Group. Nearly all these employees are active in Belgium. All current TAP employees will continue their activities with the same conditions in the Telindus' premises in Haasrode, Belgium.

"The consolidation on the European market is mandatory to compete with American and Chinese vendors", said Bertrand Meis, CEO of OneAccess. "With TAP, two of the most experienced European teams will work together to deliver state of the art solutions for the Telecom Operators, including innovative IP services for additional revenue streams. The strong support of Telindus and the TAP management team and a shared vision of the access market have been key in our decision to merge our teams."

Ronald Everaert, CEO & President of Telindus, added: "The product-based industry of Telindus Access Products is driven by a rapid acceleration of innovation cycles and market consolidation. In this market situation it is necessary to have a strong focussed approach to secure the growth potential. In OneAccess, a successful company focussed on this specific business model, we have found a strong partner who offers an attractive, long term perspective for this team."

Telindus Group NV (Euronext: Tel.BR)