Tollgrade Communications, Inc., a supplier of network service assurance products for the cable and telecom industri...
August 20, 2007
Tollgrade Communications, Inc., a supplier of network service assurance products for the cable and telecom industries, announced today it has completed its acquisition of the Broadband Test Division of Teradyne Inc.
On May 31, Tollgrade signed an agreement to acquire substantially all the assets and to assume certain specified liabilities of the division for approximately US$12 million, subject to adjustments for certain items.
Tollgrade preliminarily expects that the acquisition will be accretive to GAAP earnings per share in fiscal year 2007, and could add up to US$10 million to 2007 revenues.