Riedel Acquires Tele Comm Sportservice AG

Riedel Communications has acquired Swiss communications specialist Tele Comm Sportservice AG.

For more than two decades, Tele Comm Sportservice AG has been a world-leading provider of communications solutions for temporary and permanent installations at live events. As an official International Ski Federation partner, the company specializes in supporting international ski competitions and other winter sports events.

"Tele Comm Sportservice is an ideal fit for our portfolio," said Roger Hess, general manager of Riedel Communications Switzerland AG, headquartered in Zurich. "The regional strengths and core competencies of this established company in radio and communications, especially with regard to alpine skiing, offer us a perfect vehicle for driving continued growth."

Riedel Communications now holds 100 percent of Tele Comm Sportservice AG shares. With this key acquisition, Riedel Communications continues its growth path and becomes the largest provider of wired and wireless intercom solutions in the Swiss market. At the same time, the deal will enable Riedel Communications to extend its involvement in international winter sports.

www.riedel.net

(CD)