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Product category: Stand-Alone Instruments
News Release from: Exfo Electro-Optical Engineering
Edited by the Electronicstalk Editorial Team on 17 September 2002

Acquisition expands comms test portfolio

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EXFO Electro-Optical Engineering has signed an agreement to purchase substantially all the assets of Gnubi Communications, including its technology, expertise, customer base and inventories.

EXFO Electro-Optical Engineering has signed an agreement to purchase substantially all the assets of Gnubi Communications, including its technology, expertise, customer base and inventories, in a stock-and-cash deal that ranges between US $4.3 million and US $7.2 million Consideration paid consists of US $2.5 million in EXFO stock, US $1.8 million in cash and a cash earn-out based upon sales volume