Actavo expands into US with AES acquisition
Actavo, the Dublin-based international engineering solutions company, will expand into the US through the acquisition of Atlantic Engineering Services (AES) which has operations in a number of states.
AES is a division of Atlantic Engineering Group and will be rebranded as Actavo, it has operations in Georgia, Texas, Missouri and Colorado.
Actavo already has operations in over 100 locations internationally, with a global workforce of 5,000 delivering network, in-home, industrial, hire & sales, building and event solutions to the world’s leading companies.
As a result of the transaction, Actavo, formerly known as Siteserv. now has extensive in-house expertise in the United States, with access to 120 network design engineers.
The deal will enhance Actavo’s service provision to its existing client base in Ireland, the UK, the Caribbean and Kazakhstan in the integrated, in-house survey and design capabilities facilitating an end-to-end offering market, the company said today.
It will also enable the company to establish a presence in strategic markets, it added.
Later this year, Fibre-To-The-Home penetration in the U.S. will be at 9pc, with 27.9 million homes passed and 12.4 million homes connected.
It is forecast that, by September 2019, Total Homes Passed in the U.S. will almost double to 52 million, with the number of homes connected almost doubling to 24 million.
TJ Malone, chief executive of Actavo | Network & In-Home Division, said: “This is a red letter day in Actavo’s evolution. Our division began with operations in Ireland, before expanding into the UK and the Caribbean. With this acquisition now forming a critical strand of our international, end-to-end capabilities, we are confident of establishing a formidable presence in North America and making significant strides globally in the design, build and connectivity of fibre optic networks.”