TOKYO and
London, July
7, 2008
- One of NEC Corporation’s European subsidiaries, NEC Europe
Ltd., has announced the acquisition of Linecom Kft., a leading
Hungarian engineering company that has assisted NEC for more than 15
years, as part of reinforcing PASOLINK services and wireless business
in Eastern Europe.
NEC’s Eastern European PASOLINK
business is continuing to expand year on year and now constitutes
approximately
50% of PASOLINK’s total European sales.
This acquisition represents
NEC’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.
In
addition to strengthening NEC’s PASOLINK business in Eastern
Europe, 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.
Since
the launch of PASOLINK in the early 1980s, NEC has actively promoted
the
system’s research, development and sales. Accompanying the
rapid growth of worldwide
mobile markets, PASOLINK has enjoyed increasing sales as a
communication system
that links the base stations of mobile communications carriers. The system’s
unmatched performance is
supported by 700,000 PASOLINK units that NEC has shipped to more than
700
customers in 131 countries.
In 2007, NEC’s PASOLINK system held
top share in its class (30%
annually) according to studies carried out by Sky Light Research.
PASOLINK microwave communication systems enable
rapid installation
of telecommunication infrastructure, which is essential in order to
meet the accelerating
global demands from new mobile subscribers and mobile internet services.
In order to promote new growth and business
operations worldwide, NEC
plans to establish local engineering companies, in addition to Linecom,
that are
expected to drive the company’s advantageous position in the
mobile and wireless
communication systems market.
About NEC
NEC Corporation is one of the world's leading providers of
Internet,
broadband network and enterprise business solutions dedicated to
meeting the specialized needs of a diversified global base of
customers. NEC delivers tailored solutions in the key fields of
computer, networking and electron devices, by integrating its
technical strengths in IT and Networks, and by providing advanced
semiconductor solutions through NEC Electronics Corporation.
The NEC Group employs more than 150,000 people worldwide.
For additional information, please visit the NEC website at: www.nec.com
NEC is a registered trademark of NEC Corporation. All Rights
Reserved.Other product or service marks mentioned herein are the
trademarks of
their respective owners. (c)2008 NEC Corporation