MONTREAL – Cogeco Cable announced Tuesday it had acquired all the assets of MaXess Networx, the telecommunications division of EnWin Energy Ltd., which is the City of Windsor’s energy company.
Details of the deal, including the price tag, were not immediately available.
MaXess Networx operates a broadband network equipped with next generation ATM and Ethernet technology in southwestern Ontario. The broadband network has the capacity for data networking, high-speed Internet access, e-business applications, video conferencing and other advanced communications.
Cogeco Cable, which also offers broadband services in southwestern Ontario, plans to use the MaXess Networx to expand its service offering in the area. It also plans to offer cable TV services to Maxess Networx’s existing customers.
“We’re very happy to announce this acquisition, especially because it strengthens Cogeco Business Solutions Data services,” said Cogeco Cable president and CEO Louis Audet. “We have always been on the lookout for both internal and external growth opportunities, in Canada and elsewhere.”
“The City of Windsor and Enwin Energy Ltd are pleased that an experienced and successful cable operator with a good track record in the Windsor region is taking charge of MaXess’ customers. We are confident that businesses and public-sector organizations will be able to grow with a partner like Cogeco Cable,” said EnWin Energy Ltd. chair and Windsor mayor Eddie Francis.
