For 3.7 million subordinate voting shares and US$25 million in cash

March 16, 2001

1 Min Read

QUEBEC CITY -- EXFO Electro-Optical Engineering Inc. (NASDAQ: EXFO, TSE: EXF) announced today that it has completed its previously announced acquisition of EFOS Inc. for 3.7 million subordinate voting shares and US$25 million in cash. EFOS, which will operate as a wholly owned subsidiary at its current facility in Toronto, is a leader in precision light-based adhesive spot curing technologies as well as curing process control for the global optical component manufacturing market. EFOS’ products deliver precise doses of the appropriate spectral light onto photosensitive and heat-cured adhesives to significantly reduce bonding time and increase repeatability in optical component manufacturing. This acquisition enables EXFO to move one step closer to providing optical component manufacturers with an extensive line of automated manufacturing solutions.

“In the manufacturing of passive and active optical components, extremely precise alignments are required to achieve the tight channel spacing and other optical parameters,” said Germain Lamonde, Chairman, President and CEO of EXFO. “Maintaining these levels of mechanical accuracy and stability over time, under extreme conditions, requires an advanced bonding solution. As a result, EFOS provides us with a key piece of the puzzle to offering automated solutions to manufacturers of optical components.”

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