Spectrum Global Solutions, Inc. (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, today announced the closing of the previously disclosed acquisition of WaveTech GmbH (“WT” or “WaveTech”). WaveTech is a German global technology company focused on next generation energy management and extension, data analytics and monitoring services extending the useful life of battery systems, which is currently working with a Fortune 1000 client base. “This transaction represents an exciting path forward for Spectrum, providing us with an incredible technology that we see the need for in our client’s battery back-up power supply systems each and every day,” Spectrum CEO Roger Ponder said in the news release. “Our acquisition of WaveTech also opens the door to new geographies and clients for our core business, particularly in Europe, Asia and Africa where WaveTech maintains several key relationships, in addition to our established relationships throughout the Americas.”
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About Spectrum Global Solutions Inc.
Spectrum Global Solutions is a leading single-source provider of next-generation communications network infrastructure and maintenance solutions. Spectrum’s highly scalable platform model, proven out through engagements with tier-1 network operators in the United States, Canada and the Caribbean, uniquely allows for the bundling of disparate services with a single provider, simplifying network deployment and maintenance with a comprehensive, cost-competitive one-stop-shop solution. For more information, visit the company’s website at www.SpectrumGlobalSolutions.com.
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