Connect Electronics pays €10m for management buy out

Irish company, Connect Electronics has acquired a €10m shareholding in Broad Band Communications as part of a management buyout.

Broad Band Communications is a telecom infrastructure company responsible for the development of Ireland's largest ever infrastructure development project, T50. The T50 connects fibre optic networks between City West Park and North Dublin.

Commenting on the acquisition, MD, Mr MacDougald said, "We saw Broad Band as a strategic opportunity for Connect to diversify on the periphery of the tech and telecom sector."

Connect Electronics is based in Finglas, Dublin.