Solutions 30 and Telenet are bundling forces to address the growing field services market

Antwerp/Brussels, April 26, 2018 - Today, Solutions 30, Europe's leading provider of Solutions for New Technologies,  and Telenet  BVBA (hereafter "Telenet") have reached a conditional agreement to create a joint venture group , providing field  services in Belgium. In the growing market of new digital technologies such as Internet-of-Things (IoT), technical services are becoming increasingly critical. By joining forces and merging the field operations of two key actors in this area, the new company will be able to address these growth opportunities in the most efficient way.

Solutions 30 is present in Belgium mainly via its subsidiary company Janssens Field Services.  With a compound annual growth rate of 25% over the past ten years, Solutions 30 is a very fast-growing company, constantly seeking to strengthen its positions by providing top quality services to its clients.

Quality is what Telenet technicians deliver in the field every day. Time after time, customers give the Telenet install and in-home repair technicians very high satisfaction rates. Their knowhow and "customer first" mindset is widely perceived and recognized as an enormous asset.

Given that context, Solutions 30 and Telenet are planning to build a company of about 100 million euros of annual revenues and more than 1000 employees and contractors. From a staff of 650 working for Janssens Field Services today, 350  people, mainly field personnel working on Security, ICT, Smart Energy and IoT-activities, will transfer to the new company. From Telenet also some 300 employees, working today in customer and network, install and repair services,  will move to the new organization.

The new company will be headquartered in Mechelen and  is expected to be fully operational in the course of this summer and will be consolidated in Solutions 30's financial reporting.  Telenet will have a 30% stake in the new organisation, Solutions 30 will own the remaining 70% of the shares.

This transaction confirms the pertinence of Solutions 30's pan-European growth strategy in the booming market of services related to new digital technologies.

Koen Verbergt, CEO of the new company commented: "The joined forces of Telenet and Solutions 30 allow us to successfully tackle the augmented complexity of smart home, office and network services today, to address the challenges of the new digital technologies and to develop this new company into a future-proof growth platform for our customers, employees and shareholders.  I am looking forward to guide this new company into market leadership in operational excellence by combining the craftmanship of the highly qualified Telenet employees with the passion for new technologies of the multi-skilled staff of Solutions 30 and to create economic value for our customers by introducing innovative smart solutions and services."