| Infotech Enterprises acquires Wellsco Inc. |
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| Tuesday, August 10, 2010 | |
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Infotech Enterprises Limited said that its wholly owned subsidiary, Infotech Enterprises America Inc., has acquired Wellsco Inc., located in Paragould, Ark. in an all-cash deal. Wellsco is a focused engineering services provider to the U.S. telecommunications industry. Headquartered in Paragould, Wellsco has more than 180 employees located across five offices. It counts some of the largest Telecom companies in the U.S. as long-term customers. Commenting on the acquisition, BVR Mohan Reddy, chairman & managing director of Infotech Enterprises Ltd. said, "The Telecommunications Industry has always been an important market for Infotech and telecom network design and engineering has emerged as an excellent growth area for us. With this acquisition, Infotech gains access to the deep domain skills and experience of the local Wellsco team, which, combined with strong, long-term customer relationships and U.S. delivery capability, will serve to accelerate our growth." Wellsco, Inc., has focused on some of the largest companies in the world, mainly in the Telecommunication Industry. |
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