M&A Deal Summary

Mitel Acquires Aastra Technologies

On November 11, 2013, Mitel acquired technology hardware company Aastra Technologies for 1.1B USD

Acquisition Highlights
  • This is Mitel’s 1st transaction in the Technology Hardware sector.
  • This is Mitel’s largest (disclosed) transaction.
  • This is Mitel’s 2nd transaction in Canada.
  • This is Mitel’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2013-11-11
Target Aastra Technologies
Sector Technology Hardware
Buyer(s) Mitel
Deal Type Merger
Deal Value 1.1B USD

Target

Aastra Technologies

Concord, Ontario, Canada
website
Aastra Technologies Ltd. is a provider of communications equipment for the business sector.

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Buyer(S) 1

Buyer

Mitel

Ottawa, Ontario, Canada

website

Category Company
Founded 1973
Sector Communications
Revenue 1.1B USD (2017)
DESCRIPTION

Mitel is a telecommunications company providing voice and unified communications services, with market-leading positions in unified communications-as-a-service (“UCaaS”) and customer-owned solutions. Mitel was founded in 1973 and is based in Ottawa, Ontario.

DEAL STATS #
Overall 2 of 7
Sector (Technology Hardware) 1 of 2
Type (Merger) 1 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2013) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 prairieFyre Software

Ottawa, Ontario, Canada

prairieFyre Software, Inc. develops .NET telecommunications products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Computer Telephony Solutions

Tempe, Arizona, United States

Computer Telephony Solutions, Inc. is a developer of call recording and contact center management solutions for small-to medium-sized businesses, and large enterprises.

Buy -
Mergr

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