Fiber network provider Transtelco Holdings has acquired Miami, Florida-based Neutrona Networks International, a software-defined service provider that works in Latin America and the Caribbean. Terms of the deal were not disclosed.
This is M&A deal number 194 that ChannelE2E has covered so far in 2020. See the complete M&A deal list here. Also, M&A activity in the fiber optic networking market has been steady.
The acquisition will allow the Texas-based Transtelco to extend its reach beyond its core network to offer solutions throughout the Americas, the company said. Currently, Transtelco owns and operates nearly 15,000 miles of fiber-dense network infrastructure throughout the U.S. and Mexico.
In addition to its work in the LATAM market, Neutrona has a presence in the United States, Europe, and Asia. Neutrona’s co-founders Luciano Salata and Mateo Ward will join Transtelco’s executive team, the company said.
Neutrona Acquisition: Executive Perspectives
In a prepared statement about the deal, Transtelco CEO Miguel Fernandez said:
“We are excited to welcome Neutrona onto the Transtelco platform and into our ecosystem of family-owned companies, whose legacy of operating global businesses stretches back over 100 years. Neutrona’s co-founders Luciano Salata and Mateo Ward have built a world-class company whose core values align well with our own.”
Salata added:
“Transtelco offers Neutrona a platform that will accelerate the next step of our overall growth strategy and allow us to continue to re-write the rules of telecommunications within Latin America and beyond. We will continue to efficiently solve complex, global connectivity challenges for wholesale and enterprise customers, while gaining access to a unique and expansive fiber network to leverage between the United States and Mexico.”
Ward concluded:
“This transaction delivers substantial financial and operating benefits to our combined companies and provides a winning solution for all of our clients. Transtelco has deep operating experience in our core growth markets, the U.S. and Mexico, and we believe we can further complement their expansion plans beyond their current footprint. We appreciate the outstanding work of the Neutrona team and the ongoing loyalty of our clients and partners. We look forward to a seamless integration with Transtelco over the coming months.”
UBS Investment Bank served as the exclusive financial advisor and Morgan Lewis & Bockius provided legal counsel to Transtelco. Deutsche Bank provided financing for the acquisition while Bank Street Group served as the exclusive financial advisor to Neutrona.
