China Huaxin Post & Telecommunication Economy Development Center (“China Huaxin”) officially announced that the acquisition of Alcatel-Lucent (“ALU”) Enterprise has been successfully completed recently.
A newly-formed holding company incorporated in France to manage global enterprise business has been jointly established by China Huaxin with 85% stake and ALU with 15% stake. As a strong and recognized investor, China Huaxin will provide the means and resources necessary to strengthen ALU Enterprise’s leadership positions in enterprise communications while accelerating investment in new areas of net growth.
After the acquisition, with existing advantages of its main products and R&D capabilities, ALU Enterprise will be supported to increasingly invest and innovate in the core markets where it is already recognized as an undisputed leader, namely enterprise communications and networking – while exploring new market opportunities in select, high-growth countries, vertical solutions and cloud services. At the same time, the business will work to enable an innovative shift from a pure technology-centric to outcome-based delivery model, delivering measurable benefits from both an economical and human perspective for its partners and customers.
Commenting, Michel Emelianoff, President, Alcatel-Lucent Enterprise said: “As a ‘new’ company our core mission is to help companies transform the way people communicate, harnessing capabilities offered by ever smarter devices and new use models. We see success as creating long term value and customer relevancy by delivering business outcome to customers and partners through technology and business innovations. With such a dedicated investor, we now have the ability to execute on our ambition to become an essential player in the enterprise communications market and still be a reference for innovation and user experience.”
YUAN Xin, President, China Huaxin said: “We are really excited by the acquisition of Alcatel-Lucent Enterprise. Our long-term investment approach will help Alcatel-Lucent Enterprise deliver on its ambition while enabling us to strengthen our strategic position in the enterprise communications arena. Alcatel-Lucent Enterprise has very strong assets and a recognized leadership in many markets across the globe. We are looking forward to leveraging our investment capabilities and experience to bring this business to the next level, both in size and market outreach.”
Alcatel-Lucent Enterprise has its headquarters in Paris, France, with over 2,700 employees worldwide and with operations in more than 80 countries.