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NEC Acquires Hungarian Engineering Company
In an effort to reinforce NEC Corp.’s PASOLINK ultra-compact microwave communication services and wireless business in Eastern Europe, one of its subsidiaries, NEC Europe, has acquired Linecom Kft., a Hungarian engineering company that has assisted NEC for more than 15 years.
This acquisition represents the company’s first specialized PASOLINK engineering group in the Eastern European market, where product customization, engineering, maintenance and support were formerly outsourced to Linecom. Following the acquisition, NEC will be able to seamlessly meet a wide range of customer needs through total solutions that include hardware services, product customization, engineering, maintenance and support.
NEC's Eastern European PASOLINK business is continuing to expand year on year and now constitutes approximately 50 percent of total European sales. In addition to strengthening the company’s business in the region, this acquisition will capitalize on Linecom's resources and know-how to enable NEC to efficiently develop strategic business in Western Europe and potentially drive new product expansion.