HARTMANNSDORF, Germany -- Albis Technologies announced today that it has been acquired by UET United Electronic Technology, based in Eschborn, Germany. UET United Electronic Technology is a publicly listed technology group that operates three business units in the telecommunications industry including systems and services; manufacturing services; and ICT installation, operation, and maintenance services. Albis Technologies will strengthen the telecommunication systems business unit by providing systems, solutions, and services under one strategic approach within the UET Group with ELCON Systemtechnik, an existing UET company.

“Albis Technologies’ products, customers, and markets perfectly complement our existing systems business unit,” said Werner Neubauer, CEO, UET United Electronic Technology. “Our systems business unit provides telecommunication service providers with a comprehensive product portfolio that includes multimedia solutions as well as products for voice migration to all-IP networks, remote power feeding, network management, and access solutions for business and residential customers. The product portfolio will be supported by more than 150 engineers. Thanks to our combined sales forces, UET will have a broader reach throughout Europe, the Middle East, South America, Asia, and Africa.”

“This acquisition makes perfect business sense, as it gives UET United Electronic Technology a richer toolset of solutions, a stronger combined sales force with an increased market coverage, and major uplift in R&D investments with reduced operating costs,” said Peter Winkler, managing director, Albis Technologies. “We look forward to being part of the UET group and being able to support our customers at an even greater capacity with innovative and best-in-class solutions.”

Albis Technologies and ELCON Systemtechnik will jointly develop the existing portfolio from both units, and invest in new technologies and markets.

Albis Technologies Ltd.