QUEBEC CITY, Sept. 7, 2017 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the network test, monitoring and analytics experts, announced today the company has signed an agreement to acquire Yenista Optics, subject to a number of conditions to be completed before closing.
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 generated revenue of €5.2 million in 2016 and was profitable.
Yenista Optics' offering is highly complementary to EXFO's optical test portfolio, which largely consists of portable test equipment for the network service provider market.
"Yenista Optics has built an impressive product portfolio over the years for the high-end laboratory and manufacturing markets," said Germain Lamonde, Executive Chairman of EXFO's Board of Directors. "This transaction, if completed, would allow EXFO to leverage Yenista's best-in-class technology across its global sales channels to expand market share."
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.
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.
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SOURCE EXFO inc.