Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: NASDAQ
Sector: Telecoms services
Epic: EXFO
News: Latest news
Web Site: EXFO Electro-Optical Engineering
Other Articles: 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

FULL ARTICLE ► 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive AU ▼

Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

FULL ARTICLE ► 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive CN ▼

Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

FULL ARTICLE ►
EXFO Electro-Optical Engineering

EXFO Electro-Optical Engineering

EXFO is a leading provider of test and service assurance solutions for network service providers and equipment manufacturers in the global telecommunications industry.

Friday, March 12, 2010

EXFO buys Finnish technology group NetHawk Oyj for an initial €37.3m

company news image

EXFO Inc (NASDAQ: EXFO, TSX: EXF) said it has acquired Finnish technology group NetHawk Oyj for €37.3m in cash. EXFO expects the deal to be earnings neutral for the remainder of fiscal 2010, and accretive in fiscal 2011. The transaction also includes an additional earn-out agreement, based on the company’s sales performance over the next three years, which could raise the total value of the deal by €8.7m.

"This acquisition represents a defining milestone in EXFO's near 25-year history, since it not only transforms us into a global force in wireless testing, but it also moves us among the top five suppliers in the telecom test and service assurance industry”, EXFO chairman, president and CEO Germain Lamonde said.

According to EXFO, NetHawk is the second-largest provider of 2G, 3G and 4G/LTE protocol analyzers and simulators for wireless network equipment manufacturers (NEMs) and network operators. Under the terms of the deal, EXFO will acquire 91% of NetHawk's outstanding shares, and will purchase the remaining shares through a statutory procedure under the Finnish Companies Act.

NetHawk posted revenue of €28.5m and EBITDA of €4.2m for the fiscal year ended December 31 2009. EXFO plans to retain NetHawk's management, R&D, sales and marketing teams of approximately 370 employees mainly located in Finland, India and the United States.

EXFO cited international consultancy Frost and Sullivan as forecasting the ‘Protocol Analyzer’ and ‘Network Monitoring Market’ for wireless networks will grow from US$595.2m in 2008 to US$814.2m by 2013. Similarly, the ‘LTE Test Equipment Market’ is expected to increase at a compound annual growth rate of 56% during this period.

NetHawk's total addressable market is currently estimated at US$610 million.

AddThis Feed Button
Register here to be notified of future EXFO Electro-Optical Engineering articles.


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.