center3, a subsidiary of the stc Group, is set to acquire CMC Networks, a global service provider renowned for its networking solutions in Africa and the Middle East. CMC Networks operates in 110 service locations with a robust data communications network spanning Africa, the Middle East, Europe, the Americas, and Asia Pacific. This strategic move aligns with center3’s growth vision for the Middle East and Africa, enhancing its market presence.
CMC Networks, currently under the Carlyle Sub-Saharan Africa Fund, will be acquired, marking a pivotal moment for center3. The acquisition reflects center3’s commitment to key markets with substantial growth potential, building on its previous investment in 2Africa Cable. center3’s CEO, Fahad Alhajeri, sees this as a significant step, combining CMC’s global footprint and capabilities with center3’s digital infrastructure.
Marisa Trisolino, Group CEO of CMC Networks, expresses excitement about the partnership, anticipating innovation and enhanced customer service. The acquisition aims to capitalize on the strengths of both companies, fostering growth in the African and Middle East markets.
Eric Kump, Partner at Alterra, sees this as a fantastic opportunity to unite the dynamic teams of center3 and CMC Networks. The acquisition is pending customary conditions and approvals.