KPN buys majority holding in Talk & Vision
Dutch network operator KPN has taken a 51 per cent stake in videoconferencing specialist Talk & Vision. The company is to be merged with the video conferencing operations of Getronics and KPN. The purchase will be completed in 2012, when the stake will increase to 100 per cent.
This acquisition creates an organisation capable of offering videoconferencing services on a world wide basis, with a market leading position in the Benelux region. The acquisition reflects the continued strong growth in the videoconferencing market. Talk & Vision, KPN and Getronics all posted sales growth of 35% in 2008 in this field.
Eelco Blok, who is on KPN’s management board, commented: “The economic crisis has shown that people must work more efficiently and that this is possible. This fits in well with our New Way of Working concept and offers our business customers the option of cutting costs.”