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Young Group purchases communications company

Hungary's Young Group has purchased 100% of communications company Siemens Enterprise Communications Magyarország Kft for an undisclosed price, Young Group owner Előd Orbán announced on Wednesday.

Orbán said that the Young Group plans to expand the activities of the company, which will henceforth operate under the name Enterprise Communications Magyarország Kft, sans Siemens.

The Young Group, whose unit Young Investment Kft bought Siemens Enterprise Communications Magyarország, focuses on providing small- and medium-size enterprises with network-development and -integration services.

Young Group will engage all 44 of the Enterprise Communications Magyarország's workers, increasing the number of people employed at the company to 100. (MTI-ECONEWS)