Marlin Closes Tellabs Acquisition
LOS ANGELES -- Marlin Equity Partners (“Marlin”), a global investment firm, today announced that it has completed its acquisition of Tellabs, Inc. (“Tellabs”), an industry-leading supplier of packet-optical, mobile backhaul and Optical LAN networking solutions. Tellabs serves telecom service providers, independent operating companies, MSO/cable companies, enterprises and government agencies with networks in more than 90 countries around the world. Proven in 80% of the top global communications service provider networks, Tellabs innovations enable operators to boost revenue, reduce expenses and advance smart networks. Tellabs will continue to be headquartered in Naperville, Illinois, with research and development centers, sales and service offices and strategic business partners located throughout the world.
“We are honored to add an organization as respected and innovative as Tellabs to the Marlin portfolio of telecom companies,” said Nick Kaiser, a partner and co-founder of Marlin. “We are confident in the growth prospects for Tellabs and are committed to providing the strategic investments and operational support necessary to strengthen Tellabs’ competitive market position and significantly increase the long-term value it can bring to its global customers.”
The addition of Tellabs to the Marlin portfolio builds upon Marlin’s successful track record of acquisitions in the telecom sector and further demonstrates its commitment to the industry. The Marlin portfolio of telecom companies also includes Coriant (formerly the Optical Networks business of Nokia Siemens Networks), Coriant America, Inc. (formerly Sycamore Networks Solutions Inc.), Openwave Mobility and Openwave Messaging.
Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA)