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EXFO has issued 6.5 million subordinate voting shares and payed about $40 million in cash for the DWDM equipment vendor
December 20, 2000
QUEBEC CITY -- EXFO Electro-Optical Engineering Inc. (NASDAQ: EXFO, TSE: EXF) announced today that it has completed its acquisition of Burleigh Instruments, Inc. Burleigh, a privately held company in upstate New York, is a leading supplier of DWDM wavelength measurement instruments and precision positioning equipment. This acquisition enables EXFO to accelerate growth in its Industrial and Scientific Division, which primarily focuses on the needs of manufacturers in the rapidly growing optical component and DWDM transmission system markets.
“This acquisition demonstrates EXFO’s on-going efforts to integrate key enabling technologies that support the deployment of optical components and networks,” said Germain Lamonde, Chairman, CEO and President of EXFO. “Burleigh’s wavelength measurement instruments and precision positioning equipment are complementary add-ons with zero overlap to our broad line of industrial and scientific products and they represent best-in-class products in their respective categories. We plan to leverage Burleigh’s technologies through our global sales channels to provide our customers with a one-stop shop for automated fiber-optic testing and optical component alignment in the manufacturing process.”
http://www.exfo.com
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