ots Ad hoc-Service: ADVA AG <DE0005103006> ADVA AG Optical Networking to Acquire Cellware Broadband GmbH
Martinsried/Munich, Germany (ots Ad hoc-Service) -
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ADVA AG Optical Networking (Neuer Markt: ADV) today announced the signing of a definitive agreement to acquire Cellware Broadband GmbH, a leading privately-held designer and developer of IAD access products based in Berlin. This acquisition strengthens ADVA's leadership position in the enterprise and metro access optical networking space by enhancing ADVA's capabilities to offer an optical integrated access device (IAD). It brings the company in-depth knowledge about products that offer solutions for integrating high bit-rate services, legacy traffic and network management software.
Under the terms of the agreement, the acquisition will be made at a total purchase price of approximately 23.4 million Euro. The purchase price will be paid in shares of common stock in ADVA and 0.4 million Euro in cash. This acquisition is subject to various closing conditions, including approval of the acquisition by ADVA's Supervisory Board. A closing in the second quarter of 2000 is anticipated.
"By incorporating Cellware's technology into our FSP-I platform, we evolve our network termination unit into an optical integrated access device (OIAD). This allows us to offer carriers a platform that covers legacy, IP, ATM, and wavelength services all in one box. The strong team of engineers, specifically with their software expertise, will also enable us to introduce further networking software releases more quickly. This group of engineers has hundreds of man-years of development experience in next-generation networks-from which ADVA will derive great benefit," said Brian L. Protiva, ADVA's Chief Strategy Officer.
Cellware's products and technologies incorporate the advantages of a low cost IAD, defining guaranteed Quality of Service (QoS) parameters, assigning appropriate service classes, multiplexing legacy applications such as voice, video data transmission. The fundamental requirements for broadband transmission are augmented by management applications (SNMP/CORBA), signaling capabilities (UNI 3.1/4.0) and encryption technology.
About ADVA AG Optical Networking ADVA AG Optical Networking is a global leader in optical networking. Since its foundation in 1994, ADVA has specialized in the design, development and delivery of cost-effective optical networking solutions. Its products are implemented in both private and public networks, including Data Centers, Storage Area Networks (SAN), and Metropolitan Area Networks (MAN) for fiber-based data services to the enterprise. Products and services are distributed via a global network of strategic business partners. The company currently has an installed base of more than 200 service providers and private enterprise customers. ADVA is headquartered in Munich, Germany, with a production and R&D facility in Meiningen and sales offices in Bristol, United Kingdom; Paris, France; Ramsey, New Jersey, USA; and Tokyo, Japan. Visit www.advaoptical.com for more information about ADVA Optical Networking.
About Cellware Broadband GmbH Cellware Broadband GmbH specializes in developing integrated access devices that connect existing enterprise equipment to the public network. Cellware's product range includes multi- service access multiplexers, signaling and network management software. Cellware products are giving carriers and Internet service providers the ability to enhance their service offerings, and consequently, their revenues. End-users of Cellware products are telecommunications carriers, major multinational companies, broadcasters, governments, universities, and hospitals. Cellware serves the global marketplace through value-added resellers, system integrators, a network of distribution partners, OEM relationships and online sales. More information about Cellware can be found on its website at www.cellware.de.
The statements contained in this press release that are not purely historical are forward-looking statements. Such forward- looking statements include, but are not limited to, the statements regarding the likelihood of the closing of the acquisition of Cellware Broadband GmbH. Such forward-looking statements involve risks that could cause actual results to differ significantly from anticipated results. Risks that could cause actual results to differ significantly from such forward-looking statements include, but are not limited to, those contained in the international offering circular released at the time of ADVA AG Optical Networking's initial public offering on March 29, 1999.
Published by ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany.
For further information, please contact:
ADVA AG Optical Networking Harvard Public Relations GmbH Andreas G. Rutsch, Alexa M. Schmidt Stefan Ehgartner, Stefanie Weckerle Tel.: +49 / 89 / 89 577 577 Tel.: +49 /89 / 53 29 57 50 Fax: +49 / 89 / 89 577 477 Fax: +49 / 89 / 53 29 57 888 Email: investor-relations@advaoptical.de Email: weckerle@harvard.de
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Original-Content von: ADVA Optical Networking SE, übermittelt durch news aktuell