Hartco Agrees to Sell ACS Division to Systemex

Wireless News
04-05-2011
Hartco Agrees to Sell ACS Division to Systemex
Type: News

Hartco Inc. has announced that it has come to an agreement to sell the Advanced Connectivity Solutions division ("ACS") of Metafore Technologies Inc. ("Metafore"), its subsidiary, to Systemex Communications Inc. ("Systemex").

The terms of the transaction were not disclosed, the Company said. The ACS division provides cabling, Internet and related services in the Greater Toronto Area (GTA) to a Canadian cable services provider.
"The divestiture of the ACS division will allow Metafore to focus on strengthening its leadership position in its core IT infrastructure business across Canada," said Pat Waid, Hartco's President and COO. "We are pleased to sell ACS to Systemex, who will invest in the ACS business and ensure its long-term success for the benefit of its customers and associates."

"We are happy to welcome the ACS associates to our company," said Gaston Dandurand, President of Systemex. "This transaction, along with the recent acquisitions of JP Cable and Labreche Telecom are strategic and consistent with our plan to expand as a significant player in Ontario and ultimately have a national coverage in servicing the wireless telecommunications industry in Canada. We are glad to add 150 technicians on the road to our current team of 400 technicians". Synergis Capital Inc., a boutique M&A firm, acted as the exclusive advisor to Systemex for these transactions.

Hartco is a company focusing on the Canadian information technology business and delivers information technology solutions to private and public sector organizations of every size.

Systemex Communications is a private company, located in Quebec. Systemex offers a complete range of engineering, construction, installation and infrastructure maintenance to the wires and wireless telecommunications industry.

More Information:

www.systemex.ca.

www.hartco.com

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