Electronic Products & Technology

Quebec-based Exfo expands into France with acquisition

By By The Canadian Press, Barcelona Spain   

Electronics Test & Measurement Engineering Supply Chain fibre optic testing fibre optic testing

Quebec-based EXFO, a specialist in fibre optic testing and mobile network monitoring, says it has purchased a majority stake in Astellia, a similar company based in France. 

Exfo has acquired 97.44 per cent of the capital and at least 95.07 per cent of Astellia’s voting rights for $40.4 million. Astellia works in the field of mobile network performance analysis solutions and subscriber experience. Based in Rennes, France, Astellia reported sales of about $60 million in 2017 and has more than 120 customers worldwide.

“By joining our strengths and technologies, we are creating unique capabilities to help operators keep pace with a quickly changing industry and ever-increasing consumer expectations,” says Exfo founder and executive chairman Germain Lamonde.

The announcement was made Wednesday at the World Mobile Congress in Barcelona, Spain.



Stories continue below

Print this page

Related Stories