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Announced

Completed

ADTRAN completed the merger with ADVA in a €759m deal.

Financials

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Transaction Value£650m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales1.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Majority

Merger

Acquisition

Single Bidder

Friendly

telecommunications vendor

Telecommunications Services: Other

Cross Border

Germany

Completed

Synopsis

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ADTRAN, a provider of telecommunications networking equipment and internetworking products, completed the merger with ADVA, a European telecommunications vendor that provides network equipment for data, storage, voice and video service, in a €759m ($895m) deal. “This is an exciting day for both companies. With closing now behind us, we can focus on the final steps that will allow us to fully integrate these companies, creating a driving force within the industry. We believe that the combination of our exceptional talent, industry-leading solution portfolios, and vision for innovation, positions us as a global trusted leader for service provider, government, and enterprise customers and will provide a firm foundation for our success moving forward," Tom Stanton, ADTRAN Chairman and CEO.

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