Latest news with #Zekelman
Cision Canada
05-05-2025
- Business
- Cision Canada
Zhone Technologies Announces Acquisition of DZS Assets
Launches as a global provider of Fiber Optic Broadband Solutions and Cloud Software Services PLANO, Texas, May 5, 2025 /CNW/ - Zhone Technologies, Inc. ("Zhone" or the "Company") today announced the successful closing of its acquisition (the "Transaction") of substantially all of the assets of DZS Inc., DZS Services Inc. and DZS California Inc. (collectively, " DZS"), including all technology, intellectual property, lab facilities, IT systems, and certain customer and supplier contracts (the " DZS Assets") pursuant to an Asset Purchase Agreement dated as of April 22, 2025 among Zhone and the duly appointed trustee of the DZS Assets (the " Trustee"). The Transaction was completed on May 1, 2025, following the approval and entry of an order by the United States Bankruptcy Court for the Eastern District of Texas approving the sale of the DZS Assets to Zhone. Clayton Zekelman, the Chairman and Chief Executive Officer of Zhone stated, "We are very excited to complete this strategic acquisition and we look forward to working collaboratively with all of the stakeholders of Zhone moving forward." Mr. Zekelman added, "Our team has worked tirelessly within the United States Bankruptcy Court proceedings to reestablish and renew forward-looking partnerships with key third-party development (ODM) and contract manufacturers. These relationships are critical to securing vital silicon chip technology, manufacturing, IT systems, and globally established facilities that will support Zhone's long-term growth." As part of the Transaction, Zhone also exercised its option to acquire all of the issued and outstanding shares of four international subsidiaries of DZS, specifically DZS International Inc., DZS Canada Inc., DZS Solutions India Private Limited, and NetComm Wireless Pty Ltd. (" NetComm") and is separately acquiring the assets of , NetComm pursuant to a separate administration proceedings in Australia (collectively, the " DZS International Subsidiaries"). The acquisition of the former DZS International Subsidiaries aligns with Zhone's broader strategic objective to acquire substantially all of the former DZS assets worldwide. The completion of these international transactions will not only facilitate reengagement of former DZS employees, but will also bolster Zhone's market-leading portfolio to include Fiber Extension Distribution Point Unit (DPU) solutions, Fixed Wireless Access (FWA) solutions, and next-generation WiFi Gateway and Access Point CPE solutions. The acquisition of the DZS Assets and the DZS International Subsidiaries by Zhone, which was first announced via a letter of intent on April 7, 2025 by an affiliate of Zhone, positions the Company as a strong and financially stable global player in the fiber optic broadband industry. Zhone is now poised to leverage the leading technologies and innovations associated with DZS's Velocity TM Optical Line Terminal Systems (OLT), Saber TM Optical DWDM Transport & ROADM Systems, Helix TM Optical Network Terminals (ONT), WiFi Gateways (CPE) and Access Points (AP) as well as Zhone Xtreme TM Cloud Management, Automation and Orchestration Software portfolio. The Company will be headquartered in Plano, Texas, and is committed to maintaining continuity of service for its valued customers, while focusing on the integration and advancement of key technology platforms. Additionally, the Company is actively working to rehire many of the current and former employees of DZS, ensuring that the talent and expertise of the predecessor organization is preserved and further expanded within Zhone . Zhone's focused mission over the immediate term will be to execute and deliver by restoring its technical support services (Zhone Customer Care & Success Programs) to its well-established 25+ year customer base. A key priority will also be to reestablish supply chain operations in order to fulfill purchase order backlog and resume shipments to highly valued customers and channel partners who have remained committed and patient throughout the sale process for the DZS Assets. Following the successful execution of these initial priorities, Zhone will shift toward expansion and embracing new customers and forming strategic partnerships driven by continued innovation and solutions advancement. Zhone's strategic vision is centered on innovation, execution, and the continued development of cutting-edge products and services for the global fiber broadband market. Advisors Bennett Jones LLP and Dykema Gossett PLLC acted as counsel to Zhone Technologies, Inc.. Singer and Levick, P.C. acted as general counsel to the duly appointed Trustee, Grable Martin PLLC acted as special counsel to the Trustee for the Transaction, and Charlie Vogt of Normandy Lane LLC consulting and advisory services, and former CEO of DZS, acted as special consultant to the Trustee for the Transaction. About Zhone Technologies, Inc. Zhone Technologies, Inc. is a leading global provider of fiber optic broadband solutions and cloud software services. Zhone Technologies, Inc. aims to accelerate the growth of the FTTx and cloud software markets by leveraging over 25 years of technology innovation. The Company is headquartered in Plano, Texas, and serves a global customer base with a focus on innovative, high-performance solutions. The shareholder base of the Company brings with it over 25 years of experience in the international telecom industry and other leading industries, operational expertise, financial stability and a continued track record for advancing innovation. SOURCE Zhone Technologies, Inc.
Associated Press
09-04-2025
- Business
- Associated Press
Nate Arnold Joins Zekelman Industries as President, Z Modular
Arnold previously served as Senior Vice President of Construction and Development at Brookfield Properties CHICAGO, IL / ACCESS Newswire / April 9, 2025 / Zekelman Industries, the leading independent steel pipe and tube manufacturer in North America and a trailblazer in integrated real estate development, today announced Nate Arnold has been appointed President of its Z Modular division. Arnold succeeds Mickey McNamara, who was recently promoted to President of Zekelman Industries. Z Modular, an innovative leader in integrated real estate development, is addressing the housing crisis with cutting-edge off-site construction, standardized building designs, and integrated construction management. The division is experiencing rapid growth, with eight developments completed and ten more scheduled for completion in the next two years. Arnold brings over 20 years of leadership expertise in real estate, asset management, and construction management to Z Modular. Previously, he served as Senior Vice President of Construction and Development at Brookfield Properties and holds master's degrees in construction management and real estate development from the University of Southern California. 'Z Modular is revolutionizing how housing is built for working-class Americans, and we're excited to have Nate on our team,' McNamara said. 'His hands-on experience and leadership across the full spectrum of real estate development and construction will directly support our mission to deliver the best total cost, schedule, and quality in real estate development.' 'In the midst of a severe housing crisis, the status quo of delivering and managing housing units just isn't cutting it,' Arnold said. 'Change is needed and Z Modular is at the forefront of that change. I'm thrilled to join the team pushing for a real improvement on that front.' Arnold's appointment comes at a pivotal time for Z Modular as it builds on its commitment to deliver high-quality, scalable real estate solutions faster and more efficiently. About Zekelman Zekelman is a family of operating companies which include Atlas Tube, Picoma, Sharon Tube, Wheatland Tube, Western Tube, and Z Modular. With 23 manufacturing locations and 3,000+ teammates across North America, the company is the leading independent manufacturer of hollow structural sections (HSS) and steel pipe, and the top producer of electrical conduit and elbows, couplings, and nipples in North America. Zekelman - Believe in What You Build™. For more information, visit and Media Contacts: 312.339.3838 Owen Serey 513.639.7455
Yahoo
01-04-2025
- Business
- Yahoo
Atlas Tube Unveils the HSS Connections Hub(TM): Complimentary Tools and Expert Support to Help Structural Engineers Streamline HSS Connection Design
CHICAGO, IL / / April 1, 2025 / Atlas Tube, a division of Zekelman Industries, today introduces its HSS Connections Hub™ featuring an innovative suite of engineering resources designed to simplify Hollow Structural Sections (HSS) connection design for structural engineers and fabricators. The Connections Hub is built to: Save time designing HSS connections. Optimize HSS connection designs for fabrication. Improve team collaboration and project sharing. Eliminate outdated and highly customized spreadsheets. The Connections Hub includes a variety of downloadable typical connection details and advanced HSS design calculators, allowing engineers to accurately design a variety of connections while reducing costs and complexity. The initial rollout includes the most common detail sheets, with many more to be added in the weeks and months to come. "By providing fabrication-friendly HSS connection designs and calculations, the Connections Hub fills a void for engineers looking to realize the benefits of HSS in their designs," said Jeff Cole, President, Atlas Tube. "We will continue growing resources in the Connections Hub, so that engineers and steel detailers have one trusted source for HSS connection designs that are easier to fabricate and reduce costs throughout the construction process." The Connections Hub calculators will be used to generate optimized designs for specific loads, minimizing inefficiencies that can create late changes on a project. Additionally, the platform provides professional-grade reports that can be submitted for project stakeholder approvals, streamlining communication between engineers, fabricators, and connection detailers. Learn more about the Connections Hub at Additionally, visitors to Atlas Tube booth 225 at the 2025 North American Steel Construction Conference (NASCC) held in Louisville, Ky., April 2-4, will have the opportunity to see live demonstrations and learn how these tools can immediately benefit their current HSS connection designs. About Zekelman Zekelman is a family of operating companies which include Atlas Tube, Picoma, Sharon Tube, Wheatland Tube, Western Tube, and Z Modular. With 23 manufacturing locations and 3,200+ teammates across North America, the company is the leading independent manufacturer of hollow structural sections (HSS) and steel pipe, and the top producer of electrical conduit and elbows, couplings, and nipples in North America. Zekelman - Believe in What You Build™. For more information, visit Media Contacts: Amanda DonovanDirector of Marketing Communications, Owen SereyManagement Supervisor - Public Relations, Mower513.639.7455oserey@ SOURCE: Zekelman Industries View the original press release on ACCESS Newswire Sign in to access your portfolio
