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GIMV FINALISES TAKEOVER OTN


OTN (Open Transport Network) is a flexible communications network based on optical fibres.
The OTN network is possibly the most performant multiplexer that currently exists for industrial
uses., The system permits all kinds of applications such as video images, different forms of
speech and data traffic, information for process management and the like to be sent flawlessly
and transparant over a practically unlimited distance. The system is used in vast, private
networks with a great diversity of communication requirements, such as subway systems,
pipelines, the mining industry, tunnels and the like. OTN has a strong international presence, an
experienced team and a stable business.
GIMV purchases OTN from Nokia Siemens Networks. The OTN team of approximately 80
people will be transferred to OTN Systems NV, a newly formed company owned in majority by
GIMV. In the new set-up as a stand-alone company, GIMV’s first priority is to ensure a smooth
transition of the OTN business.
Together with the management and personnel of OTN, GIMV wants to grow the stand-alone
company by investing in the product portfolio, extending the sales and distribution reach and
filling the gaps in the support functions. Besides this focus on internal growth, add-on
acquisitions may be explored in order to ensure the new company’s future leadership position.
No financial details will be disclosed.


Publisher Contact Information:

GIMV N.V.
+32 3 290 22 18
frankdl@gimv.be

Company profile of GIMV N.V.
Past press releases of GIMV N.V. .

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