BreconRidge to Acquire Module Business from Nortel Networks

BreconRidge Manufacturing Solutions agreed to acquire certain assets of Nortel Networks High-Speed Modules business unit, which is responsible for the design, development, manufacturing, test and sale of high-speed modules applicable to optical and wireless transmission systems, satellite communications systems, radar systems for the defense industry and other microelectronics applications with speeds greater than 10 Gbps. The deal includes Nortel Networks' leasehold interest in a state-of-the-art facility located at 500 Palladium Drive, Ottawa. This facility consists of approximately 330,000 square feet of highly advanced manufacturing and office space, including, 70,000 square feet of "class 10,000 clean room" and 10,000 square feet of "class 1,000 clean room". BreconRidge, which is a top 50 global electronics manufacturer, plans to consolidate its Canadian operations, including its High Speed Modules business, into this facility. Also as part of the deal, the companies will enter into a three-year supply agreement under which BreconRidge will be a supplier of high-speed modules for use in Nortel Networks 10 Gbps systems. Financial terms were not disclosed.
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