M&A Deal Summary

Nortel Networks Acquires Aptis Communications

On April 22, 1998, Nortel Networks acquired technology hardware company Aptis Communications from MPE Partners

Acquisition Highlights
  • This is Nortel Networks’ 1st transaction in the Technology Hardware sector.
  • This is Nortel Networks’ 2nd transaction in the United States.
  • This is Nortel Networks’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 1998-04-22
Target Aptis Communications
Sector Technology Hardware
Buyer(s) Nortel Networks
Sellers(s) MPE Partners
Deal Type Add-on Acquisition

Target

Aptis Communications

Chelmsford, Massachusetts, United States
Aptis Communications, Inc. is a provider of true carrier-class access switches to network service providers, including carriers and Internet service providers.

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Buyer(S) 1

Buyer

Nortel Networks

Mississauga, Ontario, Canada
Category Company
Founded 1895
Sector Technology Hardware
DESCRIPTION

Nortel Networks is a multinational telecommunications and data networking equipment manufacturer The Company was originally established in 1895 and is headquartered in Mississauga, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-05-14 MICOM Communications

Simi Valley, California, United States

MICOM Communications Corp. was engaged in the design, manufacture, marketing, and servicing of wide area networking products that provided remote connectivity solutions for small and medium-size network users, and divisions of larger corporations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-30 QuorTech Solutions

Bradenton, Florida, United States

QuorTech Solutions Inc. is a provider of next-generation public telephony and network system management services, with a substantial installed base in 12 countries. Major customers include Bell Canada, several of the US-based Bell operating companies, as well as major international telephone companies including AT&T, GTE and Sprint.

Sell -

Seller(S) 1

SELLER

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 8 of 58
Sector (Technology Hardware) 2 of 5
Type (Add-on Acquisition) 5 of 27
State (Massachusetts) 1 of 7
Country (United States) 7 of 56
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-16 Vitesse Semiconductor

Camarillo, California, United States

Vitesse Semiconductor Corp. is a provider of high-performance semiconductors, application software, and integrated turnkey systems solutions for Carrier, Enterprise and Internet of Things (IoT) networks worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-02 Sonic Innovations Pty

Parkside, Australia

Sonic Innovations Pty Ltd. is a manufacturer and distributor of hearing aids in Australia.

Buy -
Mergr

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