Under the agreement with the founding shareholders of Astellia dated 30 August 2017, EXFO will acquire the entirety of their shares, representing an equity stake of 25.4 per cent, at a price of €10 per Astellia share. The deal with Astellia follows EXFO’s purchase of Ontology Systems, a network topology discovery specialist whose platform is used for network and customer service assurance, earlier this year (see EXFO acquires Ontology Systems for network automation).
“If our public tender offer is successful, we’ll be able to combine Astellia’s solutions and services with those of EXFO and become a world leader in the network monitoring and analytics sector and target growth opportunities such as network virtualization, 5G and the Internet of things.”
“This investment in Astellia is in line with our strategy to increase our critical mass and our client base, and to expand our addressable market in the global analytics and service assurance industry,” said Germain Lamonde, executive chairman of EXFO’s board of directors. It also makes another modest but necessary contribution to industry consolidation in the test and measurement space. The transaction, which has strong support from Astellia’s management and reference shareholders’, allows for ‘a friendly industry combination’, according to the companies. It cites close partnerships with more than 120 telecom operators.
Based in Rennes, France, the company has significant operations in Spain and a strong presence in Canada, Lebanon, Morocco and South Africa. The pair have signed agreements for EXFO to acquire a 33.1 per cent equity stake in Astellia, worth €8.6 million, with plans to acquire the remaining equity.Īstellia provides network and subscriber intelligence via a vendor-independent, real-time monitoring and troubleshooting platform. Network test specialist EXFO hopes to expand its service assurance activities with the eventual acquisition of French mobile analytics firm Astellia.
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