MONTREAL – Telecom network infrastructure services compay Telecon, Montreal, today announced the acquisition of TRJ Telecom, including its subsidiary Telefil.
TRJ Telecom, Anjou, Que., offers design, deployment, modernization and maintenance service solutions to owners of fibre-optic and coaxial telecom networks in Québec and Ontario. It employs more than 600 and operates four offices across both provinces. Telefil is a TRJ Telecom subsidiary with technical expertise in hybrid fibre coaxial and network optimization projects experience
Financial terms of the acquisition were not disclosed.
This acquisition is in line with Telecon's strategic plan and will bring its total workforce to nearly 4,700 employees, says the Telecom press release.
"By growing our presence and scale in Quebec and Ontario, we will be better positioned to service the upcoming 5G network generational investment in the Canadian telecommunications infrastructure", said André Héroux, president and CEO of Telecon, in the press release.
Telecon, TRJ Telecom and Telefil's activities will continue as usual under the current banners. Pierre Trudel, president, and Martin-Philippe Racine, vice-president and general manager, will continue to oversee TRJ Telecom and Telefil operations, strategic planning and guidance, under the leadership of Héroux.
Telecon also added it benefitted from funding and strategic support of institutional investors including Clearspring Capital Partners, Caisse de dépôt et placement du Québec and Desjardins Capital, as well as funding from members of Telecon's senior leadership team.
