Spectrum Global Solutions Inc. (SGSI) Expands Range of 5G Services with Acquisition of Battery Technology Company
Spectrum Global Solutions reports third quarter 2019 financial results Closes acquisition of global battery technology company WaveTech GmbH Receives $6.9 million in new contract awards With the recent acquisition of WaveTech GmbH, Spectrum Global Solutions Inc. (OTCQB: SGSI) has strengthened its support capabilities for telecommunications companies building the new 5G infrastructure. The acquisition has also opened the door to new markets for Spectrum’s core business, particularly in Europe, Asia and Africa, where the acquired entity maintains several key relationships. Spectrum expects to benefit from substantial economies of scale by capitalizing on the cross-selling opportunities now made possible. The company announced…