Velocitel Acquires FDH AssetsComments Off on Velocitel Acquires FDH Assets
Velocitel, a wireless network services company, announced yesterday they acquired the assets of FDH, an engineering investigation and construction company. The newly combined company will be known as FDH Velocitel, and will now be one of the largest engineering services companies in the industry. “This acquisition expands the footprint of Velocitel into new areas that are part of our growth strategy. FDH is one of the most respected engineering companies in the field, with a deep breadth of knowledge in civil and water, geotechnical, and structural engineering. Their capabilities are a natural complement to our existing suite of engineering and construction services,” says Kevin G. Hostetler, CEO of Velocitel. Velocitel is a $200 million wireless network services company that has constructed and deployed over 50,000 wireless sites since 1987. “The synergies between FDH and Velocitel make this combination an easy decision. Collectively, the hybrid company will be able to provide a wide variety of benchmark setting services to support the critical backbone of our country’s infrastructure: from heavy civil to wireless communications. This is a win-win transaction that marries some of the best and the brightest in the fields of engineering and construction,” says Chris Murphy, President and CEO of FDH.