Skip to main content

Quebec-based Exfo, a specialist in fibre optic testing and mobile network monitoring, has acquired France’s Astellia.

Thinkstock/Thinkstock

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.

Story continues below advertisement

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," said Exfo founder and executive chairman Germain Lamonde.

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

Report an error
Tickers mentioned in this story
Unchecking box will stop auto data updates
Comments are closed

We have closed comments on this story for legal reasons or for abuse. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter