Hibernia Networks acquires Atrato IP Networks
Aug 30, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
Hibernia Networks, a US-based provider of global telecommunications services, has acquired Atrato IP Networks, a Netherlands-based provider of IP-transit and carrier services.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2013-08-29
Target (Company) Atrato IP Networks
Acquirer (Company) Hibernia Networks
According to a press release issued by Hibernia Networks, "the acquisition will bring enhanced capabilities and expanded product depth to the already robust Hibernia services suite, further enabling high capacity, secure connectivity options globally, while maintaining the highest level of customer support and business continuity throughout the combined networks."
"The combination of Hibernia's worldwide fiber networks and Atrato's Ethernet and IP offering will further establish Hibernia as a service innovation leader," as per Bjarni Thorvardarson, CEO of Hibernia Networks.
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