December 19, 2012 - by Mediacaster
Novanet to Purchase Incospec
Novanet Communications Limited (Novanet), headquartered in Ajax, Ontario (Greater Toronto Area), and Incospec Communications Inc. (Incospec), with its headquarters in Laval, Quebec (Greater Montreal Area), announced the signing of a Letter of Intent (LOI) for the purchase by Novanet of a majority interest in Incospec.
The transaction is expected to close in early January, 2013.
“We are extremely excited about the prospect of working closely with one of Canada’s most respected Value Added Reseller and Systems’ Integrator for the CATV/IPTV and Broadcast Transmission markets”, said Joe Uyede, President and CEO of Novanet Communications Limited. “With nearly 35 years of experience in the industry, both in Canada and abroad, and due to its strong technical team, Incospec has acquired expert knowledge in compressed digital video, IPTV, multimedia content processing and delivery, including signal monitoring & analysis. We look forward to bringing together the combined forces of both organizations”.
“After 35 extraordinary years as founder of Incospec, I wanted to find a way to slow down, yet still stay involved in the multimedia transmission industry”, said Mario Sebastiani, president and CEO of Incospec. “Our organization has been serving the industry since 1978 with Pride, Integrity and Commitment. With Novanet, I feel that this company shares similar values as our organization. I am indeed happy to see that Incospec will continue pursuing its growth and have the resources to take on the upcoming challenges in video/multimedia and data delivery. While I will stay on with the new organization as consultant and business development, primarily for the Caribbean region, my son Louis will take on the role of General Manager at Incospec’s facilities in Laval, Quebec”.
The Novanet/Incospec team will count on a combined work force of over 30 individuals, most of whom have strong technical, engineering or professional backgrounds.
For more details about product information, please contact email@example.com or 1-800-268-6851.
About Novanet Communications Limited
Novanet Communications Limited is the trusted provider of broadcast, wireless, satellite, systems and solutions. For over 20 years, the Novanet team has designed, engineered, supplied, installed and commissioned some of the country's largest broadcast networks for Canadian television and radio broadcasters, and for a number of global telecommunications enterprises. Novanet’s reputation for excellence has been earned through a commitment to exceed the needs of client requirements. Novanet's RF engineers, technicians and data specialists are the backbone of innovative service capabilities. They have pioneered numerous technologies in Canada and have a wealth of experience in building turnkey solutions as an integrator and valued partner to many best of breed manufacturers.
About Incospec Communications Inc.
For nearly 35 years Incospec Communications Inc. has been supplying products and services to the Cable Television, Satellite and Wireless industries including repairs of warranty and out-of warranty equipment. The company is recognized as an expert partner in product procurement as well as providing innovative equipment integration solutions for the new content delivery challenges of HDTV, IPTV, ATSC/PSIP, MPEG-2/H.264, multi-screen transcoding, Mobile TV, including RF and MPEG monitoring/analysis and network management systems within the Cable, Broadcast, Telco, Institutional and Enterprise industries.
www.incospec.com / for more information call (450)686-0033