M&A Deal Summary

Ciena Acquires ATI Telecom International

On January 26, 1998, Ciena acquired technology hardware company ATI Telecom International for 53M USD

Acquisition Highlights
  • This is Ciena’s 1st transaction in the Technology Hardware sector.
  • This is Ciena’s 10th largest (disclosed) transaction.
  • This is Ciena’s 3rd transaction in the United States.
  • This is Ciena’s 3rd transaction in Georgia.

M&A Deal Summary
Date 1998-01-26
Target ATI Telecom International
Sector Technology Hardware
Buyer(s) Ciena
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

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.

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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 3 of 20
Sector (Technology Hardware) 1 of 12
Type (Add-on Acquisition) 3 of 19
State (Georgia) 3 of 3
Country (United States) 3 of 19
Year (1998) 2 of 3
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-26 ALTA Telecom

Norcross, Georgia, United States

ALTA Telecom, Inc. provides diversified telecommunication support services for worldwide market segments.

Buy $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-22 Terabit Technology

Santa Barbara, California, United States

Terabit Technology, Inc., is a technology service provider. Terabit Technology a developer of optical components known as photodetectors or optical receivers.

Buy $12M
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