M&A Deal Summary

Ciena Acquires AstraCom

On December 10, 1997, Ciena acquired information technology company AstraCom for 13M USD

Acquisition Highlights
  • This is Ciena’s 1st transaction in the Information Technology sector.
  • This is Ciena’s 13th largest (disclosed) transaction.
  • This is Ciena’s 1st transaction in the United States.
  • This is Ciena’s 1st transaction in Georgia.

M&A Deal Summary
Date 1997-12-10
Target AstraCom
Sector Information Technology
Buyer(s) Ciena
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

AstraCom

Atlanta,, Georgia, United States
AstraCom, Inc. an early stage telecommunications company.

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Buyer(S) 1

Buyer

Ciena

Hanover, Maryland, United States
Category Company
Founded 1992
Sector Technology Hardware
Employees8,627
Revenue 4.4B USD (2023)
DESCRIPTION
Entrance to Ciena's corporate headquarters in Hanover, Maryland.
Entrance to Ciena's corporate headquarters in Hanover, Maryland.

Ciena is a provider of communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic worldwide. Ciena was founded in 1992 and is based in Hanover, Maryland.

DEAL STATS #
Overall 1 of 20
Sector (Information Technology) 1 of 4
Type (Add-on Acquisition) 1 of 19
State (Georgia) 1 of 3
Country (United States) 1 of 19
Year (1997) 1 of 1
Size (of disclosed) 13 of 14
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-26 ATI Telecom International

Norcross, Georgia, United States

ATI Telecom International Ltd., provides a range of engineering, furnishing and installation (EF&I) services for telecommunications service providers in the areas of transport, switching and wireless communications.

Buy $53M
Mergr

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