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Anritsu to buy Denmark's NetTest

Posted: 15 Aug 2005 ?? ?Print Version ?Bookmark and Share

Keywords:wireless network? communication? test equipment? nettest?

Japan's Anritsu Corp. has agreed to buy NetTest A/S, a provider of network monitoring and communications test equipment. The purchase price was not disclosed. NetTest is headquartered in Copenhagen, Denmark, and has 480 employees. Other primary locations for R&D facilities are in the U.S., France and Italy. For the year ended December 31, 2004, NetTest had revenues of approximately $94 million with sales in over 70 countries. NetTest's wireless network monitoring solutions enjoy a 28 percent global market share.

NetTest has been owned by Axcel II and management since the last day of 2002, when the company was acquired from GN Great Nordic. Since the acquisition by Axcel and management, NetTest has repositioned itself from an all optical strategy to a network performance strategy.

"Having completed successfully the restructuring and repositioning of NetTest and accelerated growth through significant product development, we believe it is now time for a major industrial owner with strong technology competencies and a global presence to further develop NetTest," said Christian Frigast, managing partner at Axcel, in a statement issued by Anritsu.

The transaction, which has been approved by both companies' boards of directors, is expected to close before the end of August.

- Peter Clarke

EE Times

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