QUEBEC CITY, Oct. 2, 2017 /CNW Telbec/ - EXFO Inc.
(NASDAQ: EXFO, TSX: EXF), the network test, monitoring and
analytics experts, announced today the company has closed its
acquisition of Yenista Optics S.A.S. in an all-cash transaction
valued at US$11.1 million.
Yenista Optics, a privately held company based in Lannion,
France, supplies advanced optical
test equipment for the R&D and manufacturing markets. Its
product portfolio includes benchtop optical spectrum analyzers,
tunable lasers, tunable filters and passive optical component test
systems for network equipment manufacturers and optical component
vendors. The company was profitable in 2016, generating revenue of
US$5.8 million and growing.
Yenista Optics' high-end product offering, which increases
EXFO's addressable market by more than $100
million in optical testing, will be integrated into the
parent company's Physical-layer product family.
"EXFO has been the market leader for several years in portable
optical testing, according to third-party estimates from Frost
& Sullivan," said Germain
Lamonde, EXFO's Executive Chairman. "Based on our internal
numbers, Yenista's additional revenue raises EXFO to the No. 1
position in the global fiber-optic test equipment market. We intend
to leverage Yenista's technology leadership, EXFO's global sales
presence and strong brand to further increase market share in
optical testing, especially in lab and manufacturing use cases for
network equipment and component vendors."
About Yenista Optics
Yenista Optics designs and
manufactures high-performance, fiber-optic test equipment for a
broad range of applications in the R&D and manufacturing
markets. Founded in 2003, the company owns more than 20 patents
protecting its proprietary technologies on measurement techniques,
optical filters and external cavity lasers.
About EXFO
EXFO develops smarter network test,
monitoring and analytics solutions for the world's leading
communications service providers, network equipment manufacturers
and webscale companies. Since 1985, we've worked side by side with
our customers in the lab, field, data center, boardroom and beyond
to pioneer essential technology and methods for each phase of the
network lifecycle. Our portfolio of test orchestration and
real-time 3D analytics solutions turns complex into simple and
delivers business-critical insights from the network, service and
subscriber dimensions. Most importantly, we help our customers
flourish in a rapidly transforming industry where "good enough"
testing, monitoring and analytics just aren't good enough
anymore—they never were for us, anyway. For more information, visit
EXFO.com and follow us on the EXFO Blog.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995, and we
intend that such forward-looking statements be subject to the safe
harbors created thereby. Forward-looking statements are statements
other than historical information or statements of current
condition. Words such as may, expect, believe, plan, anticipate,
intend, could, estimate, continue or similar expressions or the
negative of such expressions are intended to identify
forward-looking statements. In addition, any statement that refers
to expectations, projections or other characterizations of future
events and circumstances are considered forward-looking statements.
They are not guarantees of future performance and involve risks and
uncertainties. Actual results may differ materially from those in
forward-looking statements due to various factors including, but
not limited to, macroeconomic uncertainty as well as capital
spending and network deployment levels in the telecommunications
industry (including our ability to quickly adapt cost structures
with anticipated levels of business and our ability to manage
inventory levels with market demand); future economic, competitive,
financial and market conditions; consolidation in the global
telecommunications test and service assurance industry and
increased competition among vendors; capacity to adapt our future
product offering to future technological changes; limited
visibility with regard to timing and nature of customer orders;
longer sales cycles for complex systems involving customers'
acceptances delaying revenue recognition; fluctuating exchange
rates; concentration of sales; timely release and market acceptance
of our new products and other upcoming products; our ability to
successfully expand international operations; our ability to
successfully integrate businesses that we acquire; and the
retention of key technical and management personnel. Assumptions
relating to the foregoing involve judgments and risks, all of which
are difficult or impossible to predict and many of which are beyond
our control. Other risk factors that may affect our future
performance and operations are detailed in our Annual Report, on
Form 20-F, and our other filings with the U.S. Securities and
Exchange Commission and the Canadian securities commissions. We
believe that the expectations reflected in the forward-looking
statements are reasonable based on information currently available
to us, but we cannot assure that the expectations will prove to
have been correct. Accordingly, you should not place undue reliance
on these forward-looking statements. These statements speak only as
of the date of this document. Unless required by law or applicable
regulations, we undertake no obligation to revise or update any of
them to reflect events or circumstances that occur after the date
of this document.
EXFO-F
SOURCE EXFO inc.