Tandem acquires majority interest in electronic test platform Averna
Canadian late-stage venture capital firm Tandem Expansion Fund has bought a majority stake in Averna, a developer of test solutions and services for communications and electronics device-makers. The investment's value was not disclosed. Averna, which is based in Montréal, said the partnership with Tandem will help it accelerate organic and strategic growth and expand its international presence. Last September, the company acquired Cal-Bay Systems Inc, a U.S. provider of automated tests and measurement processes. Founded in 1999, Averna has previously received funding from the Caisse de dépôt et placement du Québec, Fondaction CSN and other investors.
6 April 2015•3 mins read
