NetComm To Acquire Dynalink & Askey
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Networking hardware vendor NetComm has signed an agreement to acquire New Zealand-based Dynalink Modems and its interest in its subsidiary Askey Australia.

Dynalink has been established in New Zealand for 15 years, and has been market leader for over a decade. Its range of products includes broadband ADSL, ADSL2 and ADSL2+ modems and routers, analogue modems, wireless LAN, networking solutions, USB/TV peripherals and VoIP products. These products are also distributed in Australia through its subsidiary company Askey Australia.

Askey Australia is jointly owned by Dynalink (81 percent) and Askey Taiwan (19 percent) ­ the largest ADSL modem manufacturer in the world. 

“The agreement reached between the parties to the acquisition, is subject to final due diligence and completion of a share sale and acquisition agreement” said David Stewart, Managing Director of NetComm Limited. “This acquisition will allow us to capitalise on synergies between the two operations and drive significant revenue and margin growth. 

“NetComm has been investigating expansion into the New Zealand market for the last few months and the purchase of Dynalink opens the door for us. It is a well established company with a strong reputation for service, value and innovation. It has current relationships with major retailers and established sales channels with major distributors in New Zealand,” said Stewart. 

“The deal is a great way for NetComm to enter the New Zealand market and hit the ground running.” 

The acquisition is expected to result in immediate business gains for NetComm by increasing market share through Dynalink’s established presence among major ISPs in the Australian market.