Riedel acquires Tele Comm Sportservice
WORLD: Riedel Communications has acquired Swiss communications specialist Tele Comm Sportservice AG. Riedel now holds 100 percent of Tele Comm Sportservice shares and the deal will enable Riedel to extend its involvement in international winter sports.
Tele Comm Sportservice is a provider of communications solutions for temporary and permanent installations at live events. As an official International Ski Federation partner, the company specialises in supporting international ski competitions and other winter sports events.
‘Tele Comm Sportservice is an ideal fit for our portfolio,’ said Roger Hess, general manager of Riedel Communications Switzerland AG, headquartered in Zurich. ‘The regional strengths and core competencies of this established company in radio and communications, especially with regard to alpine skiing, offer us a perfect vehicle for driving continued growth.’
‘We are pleased to partner with Riedel Communications,’ said Kurt Waldmeier, CEO of Tele Comm Sportservice. ‘To continue to grow, we have chosen a strong partner that can support our core portfolio and enable us to future-proof our business plan. Riedel Communications, with its global network, provides us with the framework to develop our business across new markets and varying economic conditions.’