Subsidiary of Siemens Purchased by Hungarian Enterprise

Siemens Enterprise Communication (SEC) has been purchased by the Hungarian Young BTS Kft.

Siemens Enterprise Communication (SEC) has been purchased by the Hungarian Young BTS Kft. SEC is supplying Hungarian companies with communication technological solutions and has been the subsidiary of the germanGerman Siemens Enterprise (49 pct) and the American The Gores Group (51 pct). Young also provides telecom solutions for compatriot SMEs and after the acquisition the heir of SEC, Enterprise Communications Magyarorszag Magyarország will represent Siemens as the Premier Distributor. The acquisition value remained confidential, but SEC arranged a HUF 2.5 billion turnover in 2009.
 

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