Center3 acquires CMC Networks to expand in Africa and Middle East
STC Group subsidiary center3 is set to acquire CMC Networks, a global service provider specializing in networking solutions across Africa and the Middle East. CMC Networks operates in over 110 service locations, serving 51 out of 54 countries in Africa and 12 countries in the Middle East, along with regional hubs in key interconnect locations globally.
This acquisition aligns with center3's strategic vision for growth and expansion in the Middle East and African markets. It signifies a significant move in enhancing the company's market presence and expanding its offerings in these dynamic and rapidly growing regions.
CMC Networks is currently owned by the Carlyle Sub-Saharan Africa Fund (CSSAF), and the acquisition will support center3's efforts to strengthen its position in the telecommunications sector.
Key Takeaways
The acquisition of CMC Networks marks a significant milestone for center3. The global footprint, esteemed customer base, and diverse capabilities of CMC align well with center3's digital infrastructure and connectivity assets. This strategic move reflects center3's commitment to entering key markets with substantial growth potential. The acquisition, coupled with the previous investment in the 2Africa Cable project, underscores center3's confidence in Africa's pivotal role in its future growth. The company expresses excitement about the prospects brought by CMC Networks, emphasizing its wealth of knowledge, capabilities in the African region, and promising growth opportunities in the Middle East. The acquisition positions center3 for enhanced market presence and expanded offerings in these strategic and dynamic regions.
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