Huawei acquires Kuwait based ITS

Huawei recently announced the purchase of leading System Integrator and Solution Provider, International Turnkey Systems (ITS) Business Support System (BSS) division. Huawei believes the combination of capabilities and experience of the two firms will create a one-stop shop with world-class, customized ICT solutions for customers in the Middle East and Africa region.

“Huawei will continue to invest to grow the business in the region creating local employment as well as new opportunities for existing employees,” said Steven Yi, Huawei.  “Huawei is fully committed to retaining the jobs of all employees, along with their existing benefits.  And research and development activities will continue to operate, remain and expand in the region with local operations gaining access to the extensive resources, capabilities and experience of Huawei’s industry-leading global R&D network.“

ITS BSS employees will join a global company with more than 110,000 people on staff and a company that provides worldwide opportunities for career development and advancement.  ITS expects that  enhance local innovation across the region with expanded investment in R & D.

“This is an excellent outcome for our 900 employees and also for our loyal customers. But as we think about our expanded capabilities, one thing won’t change: our focus on servicing customers.  This integration with Huawei will enable us to provide our customers with an unparalleled depth and breadth of expertise, scale and value.” said Khaled Al Saeid, Managing Director & General Manager, ITS.

Subject to the required regulatory approvals from competent authorities, the transaction is expected to close in October,2011.