4iG completes Invitech takeover

4 Oct 2021

Hungarian ICT group 4iG announced completion of the 100% takeover of corporate telecoms and IT/network infrastructure solutions provider Invitech for an undisclosed price on 30 September 2021. The deal – closed just over two weeks after its original disclosure following permission from the Hungarian antimonopoly authority Gazdasagi Versenyhivatal (GVH) – involved the 100% acquisition of Invitech ICT Services and subsidiary InviTechnokom via holding company Rotamona (Cyprus).

A press release from Budapest-listed 4iG states that the acquisition is ‘a significant step in the implementation of 4iG’s telecommunications market growth strategy’ involving ‘building end-to-end solutions’ and expanding its services ‘in areas related to information technology (e.g. cloud, data centre, IoT)’ while ‘Invitech’s optical backbone network and other data transmission solutions, as well as business communication services, will provide outstanding synergy and growth opportunities.’

Hungary, 4iG, Invitech