EXFO founder Germain Lamonde offered to acquire 40% stake in EXFO, a company that designs and manufactures test instruments and service assurance products for fixed and mobile telecom networks, for £101m in a go-private transaction. "This transaction is in the best interests of all of EXFO's stakeholders. The Arrangement will provide holders of Subordinate Voting Shares with a significant cash premium and immediate liquidity for their Subordinate Voting Shares while ensuring the long-term success of EXFO as a private company for its employees, business partners and all the other stakeholders. My objective is to continue working with our talented management team and employees globally to further develop what has become a successful global Test and System provider while maintaining its headquarters in Québec City," Germain Lamonde, EXFO Founder and Executive Chairman.