Dutch network operator KPN has taken a 51 per cent stake in videoconferencing specialist Talk & Vision. The company is to be merged with the video conferencing operations of Getronics and KPN. The purchase will be completed in 2012, when the stake will increase to 100 per cent.
This acquisition creates an organisation capable of offering videoconferencing services
on a world wide basis, with a market leading position in
the Benelux region. The acquisition reflects the continued strong growth
in the videoconferencing market. Talk & Vision, KPN and Getronics all
posted sales growth of 35% in 2008 in this field.
Eelco
Blok, who is on KPN’s management board, commented: “The economic crisis
has shown that people must work more efficiently and that
this is possible. This fits in well with our New Way
of Working concept and offers our business customers the option of cutting costs.â€