Will combine company with own networking subsidiary
Fujitsu has acquired US-based TrueNet Communications for an undisclosed sum.
National communications infrastructure engineering contractor TrueNet will retain its brand identity during the sale, before becoming a wholly owned subsidiary of Fujitsu Network Communications.
TrueNet, which works on planning, designing, building, and supporting fiber and wireless communications infrastructure in the North American and Caribbean regions, has around 360 employees at time of sale.
Fujitsu says that the combination of Fujitsu Network Communications’ Inside Plant (ISP) and TrueNet’s Outside Plant (OSP) knowledge makes a perfect match.
“TrueNet’s OSP capabilities are an ideal complement to Fujitsu’s portfolio, creating a total broadband solution provider,” said Greg Manganello, SVP and head of services at Fujitsu Network Communications.
“With this ISP/OSP design control and single point of responsibility, Fujitsu can ensure a seamless, integrated broadband network and minimize project risk.”
The news comes as Fujitsu is gearing up to bring its K5 Cloud Platform to the world stage, last week launching in the UK ahead of an upcoming rollout in Finland, Germany and Spain early next year, and Singapore, North America and Australia in late 2017.