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Product category: Optical Fibres, Cables and Connectors
News Release from: Fibre Technologies
Edited by the Electronicstalk Editorial Team on 16 December 2005

Hunt acquires stake in MBO

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Sales Director Ian Hunt has acquired 24.9% of fibre-optic communications specialist Fibre Technologies via an MBO, and aims to grow the business significantly over the next four years.

Sales Director Ian Hunt has acquired 24.9% of fibre-optic communications specialist Fibre Technologies via an MBO, and aims to grow the business significantly over the next four years Hunt will be tasked with achieving aggressive growth targets including a growth in turnover from GBP 3 million to GBP 6 million over the next three years

Hunt has worked at Fibre Technologies for over five years, starting as a Sales Executive and working his way up to his current position of Sales Director.

He is responsible for a team of six sales executives and plans to grow the team with the appointment of a further three executives over the next year.

Before working at Fibre Technologies, Hunt held engineering positions at Westell, Telspec and GEC Avionics, before moving into the field of sales.

During his time with Fibre Technologies, Hunt has been responsible for founding partner relationships and bringing new product lines into the business, which included achieving a primary dealership contract with network technology provider Pandatel.

In order to achieve the ambitious growth plans at Fibre Technologies, Hunt will be putting measures in place to grow the new business pipeline and increase the run rate business by building orders month on month to level out the intake, making targets manageable and achievable.

On his new role Hunt comments: "Fibre Technologies is a very stable and secure company, which is why I had no hesitation in buying into the business".

"I am looking forward to taking the business to the next level and achieving our turnover target of GBP 6 million over the next three years".

"With the help of my team we will continue to provide our customers with new and innovative products and a first class service".

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