C-Cor.net to Purchase Aerotec

Aerotec Communications will merge with Worldbridge Broadband Services, a wholly-owned subsidiary of C-Cor.net, in a cash deal

July 5, 2001

1 Min Read

STATE COLLEGE, Pa. -- C-COR.net (Nasdaq: CCBL - news), a global provider of broadband technology and services, and Aerotec Communications, Inc., a Simi Valley, California-based provider of broadband and telecommunications construction services, today announced that they had entered into a definitive agreement under which Aerotec will merge with Worldbridge Broadband Services, Inc., a wholly-owned subsidiary of C-COR.net, in a cash transaction. The merger transaction is expected to close in July 2001, subject to customary closing conditions set forth in the merger agreement. Ted Engborg, President of Aerotec, will become Vice President of the Worldbridge Construction Division/Western Region, which will continue to be headquartered in Simi Valley.Commenting on the acquisition, Paul Janson, President of C-COR.net's Worldbridge Broadband Services, stated, "Aerotec brings to C-COR.net a highly regarded, experienced, and well equipped construction presence in the Western United States. The integration of Aerotec capabilities and established customer base into our Worldbridge group will strengthen C-COR.net's strategic position as a leading national supplier of broadband services to cable operators."C-Cor.net

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like