Comtec Group completes Cablelines Pronet acquisition
Huntingdon, UK - Comtec Group has completed the acquisition of Cablelines Pronet, the branded structured cabling division of A&GP Trading, for an undisclosed amount.
In making this acquisition the company says it demonstrates its continued commitment to the market and expects the efficiencies it will create by joining these two enterprises together will help maintain our continued investment in service quality.
To make this transaction effective Comtec will, over the next month, be fully integrating the Cablelines business into its existing model through a carefully planned process aimed at ensuring consent and participation from all parties.
John Archer, Comtec executive chairman, commented: ‘I would like to thank A&GP for the way they conducted this exercise and in particular express mine and Dan Con way’s deep admiration of Peter Pearson who built this enterprise and felt that Comtec would be a good home for it.’
Following the successful transition, A&GP will withdraw from the distribution of the branded structured cabling products.