Tait acquires Brazilian partner SGM Telecomunicações
Tait Communications has strengthened its presence and growth prospects in Latin America through the acquisition of long-term partner SGM Telecomunicações.
São Paolo-based SGM, which has been a partner of Tait Communications for over 20 years, will become the regional hub for the company’s Latin American operations, joining Houston, Brisbane and Vienna as major overseas offices.
“Strengthening Tait in Brazil by acquiring the expertise and market know-how of SGM moves us closer to our clients and gives us the strategic advantage of a local presence in the burgeoning Brazilian market,” says Victor Agnellini, Tait Americas president.
The two companies have previously won numerous analog and digital contracts across Brazil’s 27 states and throughout Latin America, including São Paulo Military and Civil Police, Minas Gerais Military Police (PMMG), Polícia Militar do Paraná (Military Police of the State of Paraná), Companhia Paranaense de Energia (COPEL) and Petrobras.
“Brazil is one of the world’s growth economies and the opportunities for us are significant,” says David Wade, Tait Communications acting CEO. “SGM has been a long-time partner of ours in Brazil for more than two decades, so their expertise and reputation will enhance the Tait brand significantly. It’s a key step in our global growth that capitalises on the outstanding market development work our team in Latin America has already achieved.
SGM, established as a spin-off from Philips Electronics in the late 1990s, will be rebranded as Tait Communications.
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