EXFO, a specialist in fibre optic testing and mobile network monitoring has acquired 97.44% of the share capital and at least 95.07% of the voting rights of Astellia.
Astellia is a global leader in the performance analysis of mobile networks and subscriber experience. With headquarters in Rennes, France, Astellia reported sales of €38.6 million in 2017, and has over 400 employees and more than 120 customers worldwide.
The company's solutions and services help mobile network operators improve service quality, maximize operational efficiency, reduce subscriber churn and develop revenues in core network, RAN, LTE and SDN/NFV deployments.
Given that minority shareholders do not represent more than 5% of the share capital or the voting rights of Astellia, EXFO intends to implement a mandatory squeeze-out of the remaining shares and de-list Astellia from the Euronext Paris Exchange.