Telecom player GTS Central Europe has announced that it has acquired the Romanian firm Datek, marking the completion of a contract signed in December. Datek provides telecom, data transfer, infrastructure development and system integration services. GTS CE will add Datek to its existing Romanian operations, creating a combined business with total annual revenues exceeding EUR 25 million. The two firms did not reveal the value of the transaction.
Last year, GTS posted a turnover of EUR 19.8 million and an EBITDA of EUR 5.2 million. The takeover will see it double its number of employees. Currently Datek has a staff of 106 while GTS employs 115 people in Romania. The move puts GTS in the top three alternative telecom operators on the local market. “If we look at the level of revenues, we are the third biggest alternative operator. At a safe distance behind us are another three operators,” said Dan Mihaescu, CEO of GTS Telecom.
“Datek brings to GTS CE significant network and operational benefits, including over 400 route kilometers of fiber and professional expertise in systems integration” said Adam Sawicki, group CEO at GTS CE.
Among the criteria that led to the takeover was “Datek’s focus on business customers and the way the company was managed. Also, the infrastructure they have is absolutely complementary to ours,” added Sawicki. The acquisition is part of a series of takeovers over the past few years. In 2004, GTS CE acquired Aliatel in the Czech Republic, in 2005 it took over Energis in Poland, Telenor and Nextra in Slovakia and the Czech companies Contactel, Telenor and Nextra.