McLean-based GTT Communications Inc., a major cloud networking provider, has acquired Access Point, a North Carolina-based communication services company.
GTT paid $40 million in the Access Point acquisition. That amount includes $35 million in cash and 115,194 GTT shares valued at $5 million.
GTT said Access Point, which has its headquarters in Cary, N.C., brings a roster of strategic U.S. clients, improving GTT’s presence in a variety of industries, including retail, manufacturing and energy.
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