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EXFO Completes gnubi Acquisition

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QUEBEC CITY, Oct. 8 -- EXFO Electro-Optical Engineering Inc. announced it has completed its acquisition of the assets of gnubi communications, a supplier of multichannel telecom and datacom testing solutions for system manufacturers. EXFO signed an agreement last month to purchase substantially all the assets of gnubi in a stock-and-cash deal for between $4.3 million and $7.2 million, depending on sales volume in the ensuing 12 months. Following the closing of the transaction, approximately 1.5 million shares were issued to gnubi. gnubi’s protocol-layer test instruments enable multi-channel,...Read full article

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    Published: October 2002
    CommunicationsNews & Features

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