ANOVO, a leading international after-sales service provider for consumer electronics has confirmed it has acquired Brazilian-based Tektronik for an undisclosed sum.
The acquisition will combine Tektronik’s local router and decoder repair and refurbishment expertise with ANOVO’s technological expertise, breadth of service and international reach. It further consolidates ANOVO’s presence in Latin America and provides a strong foothold in the Brazilian market. The new ANOVO do Brasil will retain and grow the existing Tektronik management team, service offering and client base, which includes Claro, PACE, Technicolor and Sky amongst others.
Following the successful integration of this new subsidiary, ANOVO will continue to develop its activities across Latin and Central America, with specific targets including the rapid development of activities in Colombia which began in 2012, the launch of services for the Telco market in Brazil, and the growth of activities in Chile and Peru.
François Lacombe, ANOVO Group CEO, said: “We are very happy to welcome Tektronik to the ANOVO family. Key to our strategy is the continued provision of our services to existing clients as they develop and grow into new regions and products and this acquisition is the result of a realistic, rational and controlled development for ANOVO. The Brazilian market is undergoing huge growth in demand for cable TV thanks to the World Cup and Olympics events to be held there. With Tektronik’s strong reputation and experience, the ANOVO Board believes that the acquisition is a perfect launch into this new market”
Luis Rochas, CEO – ANOVO Brazil, added “Joining the ANOVO Group will enable our company to provide an enhanced service to our existing customers. It will also provide the opportunity to learn from the Group and in doing so, it enables ANOVO Brazil to quickly grow into new markets such as Mobile, M2M and other device repair and refurbishment.”
Tags: Acquisition, Brazil, Expansion, Latin America