CYGNAL ACQUIRES WEST TECHNICAL TECHNOLOGIESCygnal Technologies Corp. of Oshawa, ON has signed on the dotted line to acquire West Technical Technologies, a Calgary-based business that designs and insta...
July 1, 2001
CYGNAL ACQUIRES WEST TECHNICAL TECHNOLOGIES
Cygnal Technologies Corp. of Oshawa, ON has signed on the dotted line to acquire West Technical Technologies, a Calgary-based business that designs and installs telecom networks in Alberta.
Cygnal designs, equips, integrates and manages wired and wireless broadband, data and telecom networks. As part of the transaction, the entire West Technical team will be integrated into Cygnal’s telecom networks division (called Accord Communications Inc.).
The deal will expand the geographic coverage of Cygnal’s telecom networks division, and, according to the company, will allow its customers in Western Canada to be serviced directly by Cygnal, rather than through external contractors.
FLUKE NETWORKS TO ACQUIRE MICROTEST, INC.
Testing heavyweight Fluke Networks, Inc. of Everett, WA has signed an agreement to acquire Microtest Inc. of Phoenix, AZ, another big player in the testing and connectivity arena. The transaction is valued at approximately US$74 million.
“Of all the options we considered, selling to Fluke Networks made the most sense for our employees, shareholders and customers,” said Vincent C. Hren, president and CEO of Microtest, Inc.
Microtest had revenues of US$44.6 million during the year ending in December 2000.
INTEL TO BUY OPTICAL NETWORKING FIRMS
Microchip maker Intel Corp. of Santa Clara, CA has announced its plans to acquire three privately-held companies that make components for optical networking equipment.
The company says the acquisitions of Cognet and nSerial, which develop high-speed electronic components, and the pending purchase of high-speed optical transponder maker LightLogic, will extend its product portfolio for optical networks.
Intel says the purchases are subject to regulatory review, but expects them to close in the second quarter of this year.
MARCONI ACQUIRES NORTHWOOD
London-based Marconi, a global communications provider, has announced that its Wireless Division has purchased Northwood Technologies Inc., an Ottawa-based wireless telecom software company. The transaction is valued at approximately $42 million.
Northwood develops, markets and supports deciBel Planner, a line of Wintel-based software products that are used to design wireless telecom networks. Marconi says the acquisition strengthens its wireless network planning product line.
“With a new Windows-based product and a more comprehensive portfolio, we will be better positioned to help our customers address the voice and data service requirements of the emerging 2.5 and 3G networks,” said Geoff Doy, CEO of Marconi Wireless.
Marconi plans to establish a new strategic business unit for wireless network planning in Ottawa.
ALCATEL SELLS DSL MODEMS BUSINESS
Alcatel has agreed to sell its DSL (Digital Subscriber Line) modems business to French consumer electronics firm Thomson Multimedia in an all-stock deal worth US$389 million. Under terms of the deal, Thomson Multimedia will acquire the business in exchange for 9.5 million new Thomson shares.
Alcatel, which will continue to manufacture DSL components, says the deal will help it focus on the network equipment side, as opposed to the consumer side, of DSL.
The transfer of the business is expected to occur by the end of 2001.
RIT AND PANDUIT TO ENTER ALLIANCE
Panduit Corp. of Tinley Park, IL, has signed a memorandum of understanding (MOU) with Israel’s RiT Technologies, a leader in physical layer management systems.
The companies have agreed to enter into a strategic alliance to sell, market and co-develop real-time physical layer asset management systems for the enterprise and service provider marketplace.
According to the memorandum, Panduit will immediately begin the sales and marketing of a system based on RiT’s PatchView for the Enterprise System. The two companies will also begin joint development of enhancements to the system.
DRAKA HOLDING COMPANIES ANNOUNCE ALLIANCE
Five of the Draka Holding companies have announced a new strategic alliance, known as Draka Comteq, to combine a variety of capabilities, including the manufacturer of raw fiber through finished cables for the worldwide telephony market.
The five companies include Draka Fibre Technology and NKF Kabel in the Netherlands, Draka Denmark Optical Cable in Denmark, Draka Telekom in Germany and NK Cables Ltd. in Finland.
The alliance will combine research, development, sales, marketing and manufacturing to provide a system for worldwide long haul service providers, encompassing fiber and copper telecom cables.
Each organization will remain responsible for its own activities and there will be no change in the legal entities.
LEGRAND GAINS GREYFOX
In order to increase its activities in the home network connectivity market, Legrand North America, Syracuse, NY has announced its acquisition of Greyfox Systems, Inc., Pittsburgh, PA.
Greyfox designs and manufacturers residential networks. The company’s home networking system features a scalable and flexible network architecture that can support high-bandwidth, two-way voice, video and data communication.CS