In a strategic move that has elevated the scale of its operations, Constructel Visabeira recently clinched a landmark deal by acquiring Michigan-based Verità Telecommunications Corporation. This acquisition represents the tenth in a series since 2021 for the European conglomerate, significantly intensifying its footprint in the US telecom sector. Verità, a company renowned for its comprehensive wireline and wireless services, is set to serve as a key asset for Constructel in its efforts to deepen its market reach. The impact of this purchase is evident as it doubles Constructel’s US revenue, pushing it past the $250 million mark.
Since 2021, Verità has experienced robust revenue growth, often achieving double-digit increases. It boasts a workforce that now exceeds 500 employees. This addition to the Constructel enterprise fortifies the company’s standing in the US market, providing a harmonious balance to its already established telecom and energy engineering services. The combined capabilities of the two companies are anticipated to meet the escalating demand for fiber optics and 5G infrastructure with high-caliber, turnkey solutions.
A Strategic Business Move
This acquisition is not just an expansion of territorial influence for Constructel; it represents a calculated alignment with an entity that has cemented its command in the US telecom space. Verità, underpinned by its steady financial growth and expansive employee base, brings to Constructel an already established pipeline of projects and a reputable standing in the industry. With Michael Falsetti, founder and CEO of Verità, continuing to lead, the goal is to sustain growth trajectories and maintain the strong client relationships and stellar service delivery that Verità has been known for.
Additionally, Constructel’s growth strategy is bolstered by this new acquisition, enhancing its abilities to deliver superior telecom services. This synergy between Verità’s market position and Constructel’s expansive growth aspirations is set to forge a potent force in the fast-paced telecom sector. The focus remains on leveraging the existing strengths of both companies to accelerate service delivery and fuel corporate growth across the sector.
Constructel’s Robust Growth Trajectory
Constructel Visabeira has taken a major step in expanding its telecom presence in the US with the strategic acquisition of Michigan’s Verità Telecommunications Corp, marking its tenth purchase since 2021. This move not only enlarges Constructel’s operational scale but also doubles its US revenue, breaking the $250 million threshold. Verità, known for its broad range of wireline and wireless services, adds its robust workforce of over 500 to Constructel’s roster.
The deal escalates Constructel’s market presence, complementing its telecom and energy engineering portfolio. Having experienced consistent double-digit revenue growth, Verità empowers Constructel to cater to the growing fiber optics and 5G infrastructure needs with comprehensive, high-quality solutions. This acquisition signifies Constructel’s commitment to increasing its market share and providing superior service in the rapidly evolving US telecom industry.
