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| TSA Telecom SA joins the Cegelec Group Cegelec, an international group providing technological services to companies and public authorities, and TSA Telecom SA, Switzerland's leading provider of telecom equipment and systems, have signed an agreement whereby TSA's founders and sponsors will sell all of the company's outstanding shares to Cegelec. The two companies will generate more than CHF 80 million in revenues (over €50 million) in the Swiss market, with a total of 400 employees. Together, they will become French-speaking Switzerland's foremost systems integrator and a market leader in telecommunications, radiocommunications, security and the installation of SCADA equipment. The financial details of the transaction were not disclosed. Cegelec and TSA have already worked side by side on several projects. On the Lötschberg railway tunnel scheduled to open in 2007, for example, Cegelec is installing the entire tunnel management system, while TSA is setting up the radiocommunication network, safety systems and local supervision system. write your comments about the article :: © 2006 Construction News :: home page |