EXFO to acquire Astellia for mobile subscriber awareness

EXFO has launched an all-cash voluntary tender offer to acquire all of the outstanding shares of Astellia, a provider of network and subscriber intelligence solutions for mobile operators. EXFO already holds 33.1% of Astellia's equity.

The offer is proposed at a price of EUR 10 per Astellia share, valuing the entirety of Astellia's equity (on a fully diluted basis) at approximately €25.9 million.

Astellia's real-time monitoring and troubleshooting solution optimizes networks end-to-end, from radio to core.  The company is based in France with significant operations in Spain and a strong presence in Canada, Lebanon, Morocco and South Africa.

"We aim to combine the two companies and create a global leader in the service assurance and analytics industry", said Germain Lamonde, EXFO's founder and Executive Chairman of the Board. "Combining our complementary base of customers, technologies and competencies, as well as our similar corporate cultures, will enable the development of game-changing solutions and services within a large market in rapid transition—all this in the best interests of our customers, employees and shareholders."