Aastra's European subsidiary picks up Sweden's Telepo
The European subsidiary of Aastra Technologies Ltd (TSX: AAH) has bought for an undisclosed price Telepo Ltd, a provider of cloud-based, multi-tenant enterprise communication solutions with headquarters in Stockholm, Sweden. Aastra was given consent to acquire Telepo from Mitel Networks Corp (TSX: MNW) (Nasdaq: MITL), which is in the final stages of acquiring the Concord, Ont.-based business communications vendor for around $400 million. Mitel, an Ottawa-based cloud and communications software solutions provider, is majority-owned by U.S. private equity firm Francisco Partners and Dr. Terence Matthews. Osler, Hoskin & Harcourt LLP is acting for Mitel on the Aastra deal.
21 January 2014•4 mins read
