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DASAN Zhone to buy provider of telecommunication systems for broadband access

DASAN Zhone Solutions Inc. struck a deal to buy KEYMILE GmbH, a service provider and manufacturer of telecommunication systems for broadband access.

Financial terms of the deal were not disclosed.

The transaction is expected to close in the fourth quarter, subject to customary closing conditions and required regulatory approvals. Following the close of the acquisition, KEYMILE CEO Lothar Schwemm will continue as general manager of KEYMILE.

DASAN Zhone Solutions is a global provider of network access services for service providers and enterprise networks.