GX Group, a leading telecom equipment manufacturer, has acquired Ping Communication, a Swiss provider of broadband and fiber solutions. This acquisition is part of GX Group’s strategy to boost its presence in Europe, the Middle East, and Latin America.
Paritosh Prajapati, CEO of GX Group, stated that the acquisition would allow the company to combine its “Made in India” products with Ping Communication’s existing offerings. GX Group expects its revenue in Latin America (LATAM) to grow to $50 million (approximately Rs. 430 crore) within the next two years.
The financial terms of the acquisition have not been revealed. Prajapati also noted that Ping Communication currently generates $30 million in revenue. With the introduction of new products, the company aims to increase this figure to $50 million by 2026.
Ping Communication, part of Norway’s Heimgard Group, has built a solid reputation over 20 years in the industry. The company specializes in broadband gateways, VoIP adapters, fiber CPE, and remote monitoring systems. It is a key player in Latin America’s broadband market, working with major customers like TELMEX and America Movil (AMX).
The acquisition is a significant step in GX Group’s “Make in India, for the World” strategy, focusing particularly on the growing fiber-to-the-home (FTTH) market in Latin America.
With this move, GX Group aims to become a major player in Latin America’s broadband industry. The company plans to deploy advanced technologies like WiFi 6, WiFi 7, cloud-managed CPE, and AI-driven OSS platforms across both open access and private operator networks.
Founded in 2002 and rebranded as GX Group in 2018, the company has expanded globally. In 2013, GX Group grew its operations in India by acquiring Ericsson’s end-user equipment division.
GX Group is a global leader in technology and engineering, providing innovative solutions across industries such as energy, manufacturing, and infrastructure. The company is known for its expertise in digital transformation, automation, and sustainability, using technologies like AI, machine learning, and IoT to help businesses improve efficiency and drive growth.
With a strong focus on sustainability, GX Group helps its clients reduce their environmental impact while boosting productivity through intelligent, data-driven solutions. The company operates across multiple regions and is dedicated to shaping the future of technology and industry.
