Aastra Technologies

Aastra Technologies Limited
Public company
Traded as TSX: AAH
Industry Telecommunications
Fate Acquired by Mitel Networks Corporation
Founded 1983
Defunct 2014 (2014)
Headquarters Concord, Ontario, Canada
Key people
Francis Shen, Chairman & Co-CEO
Anthony Shen, Co-CEO, President, & COO
Revenue Increase$834 million CAD (2009) [1]
Increase$45 million CAD (2009) [1]
Number of employees
1,690 (2008)[2]
Website www.aastra.com
A VoIP handset manufactured by Aastra

Aastra Technologies Limited headquartered in Concord, Ontario, Canada, makes products and systems for accessing communication networks including the Internet. Its products include residential and business telephone terminals, screen telephones, Enterprise Private branch exchanges (PBX), network access terminals and high quality digital video encoders, decoders and gateways.

Residential telephone equipment is sold in the United States as Bell equipment by Sonecor brand, which represents Southern New England Telecommunications.

Mitel Networks Corp. announced on November 11, 2013 that it will acquire Aastra Technologies Ltd. in a stock and cash deal valued at about $400 million. [3]

History

Mergers, Acquisitions and Sales

See also

References

  1. 1 2 3 "Aastra quarterly reports". Archived from the original on 2010-12-02.
  2. "Company Profile for Aastra Technologies Limited (CA;AAH)". Zenobank. Retrieved 2008-10-06.
  3. "Mitel buys Aastra in $400M telecom merger". CBC News. November 11, 2013. Retrieved November 18, 2013.
  4. "Unified Communications Industry Consolidation – Lessons Learned from Ericsson Acquisition". Frost & Sullivan. October 2009. Retrieved October 21, 2009.
  5. Grigonis, Richard (March 2008). "2008 Internet Telephony Best of Show Awards". Internet Telephony. Retrieved January 21, 2009.
  6. "Aastra Technologies to acquire Ericsson’s Enterprise Communication Business" (Press release). Aastra. February 18, 2008. Archived from the original on July 4, 2014. Retrieved February 18, 2008.
  7. "Ericsson to divest its enterprise PBX solutions to Aastra Technologies" (Press release). Ericsson. February 18, 2008. Archived from the original on December 20, 2008. Retrieved November 7, 2008.
  8. "Mitel Networks buys Aastra Technologies in friendly takeover deal to create bigger high-tech player" (Press release). Aastra. November 11, 2013. Retrieved November 11, 2013.
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