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Announced

Completed

Ribbon Communication completed the acquisition of ECI Telecom for $455m.

Financials

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Transaction Value£354m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales1.2x
EV/EBITDA19.78x
Share Price Premium-
One Off Charge-

Tags

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cyber security

Majority

Single Bidder

cloud solutions

Merger

network services

IT Services: Other

Acquisition

Friendly

Private

Israel

Completed

Synopsis

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Ribbon Communications, a software provider specializing in secure and intelligent cloud communications, completed the acquisition of ECI Telecom Group, a provider of IT, and data services, for 32.5m shares of Ribbon common stock and $324m in cash. ECI stockholders will also receive approximately $31m from ECI’s sale of real estate assets. "We are excited to join forces with Ribbon, bringing together Ribbon’s and ECI’s rich portfolios of communications solutions. We aim to create a powerhouse company that offers world-class products for enhanced customer experience, benefiting our combined global customer base,” Darryl Edwards, ECI President, and CEO.

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