M&A Deal Summary

Westell Technologies Acquires Teltrend

On March 17, 2000, Westell Technologies acquired electronics company Teltrend from TA Associates for 706M USD

Acquisition Highlights
  • This is Westell Technologies’ 1st transaction in the Electronics sector.
  • This is Westell Technologies’ largest (disclosed) transaction.
  • This is Westell Technologies’ 1st transaction in the United States.
  • This is Westell Technologies’ 1st transaction in Illinois.

M&A Deal Summary

Date 2000-03-17
Target Teltrend
Sector Electronics
Buyer(s) Westell Technologies
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 706M USD

Target

Teltrend

St Charles, Illinois, United States
Teltrend designs and manufactures a broad range of electronic units that the telephone companies and other service providers use to extend voice and data services from local telephone central offices to their customers.

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Buyer(S) 1

Buyer

Westell Technologies

Aurora, Illinois, United States

Category Company
Founded 1980
Sector Technology Hardware
Revenue 30M USD (2021)
DESCRIPTION

Westell Technologies is a developer of in-building wireless, intelligent site management, cell site optimization, and outside plant solutions focused on innovation and differentiation at the edge of telecommunication networks, where end users connect. Westell Technologies was founded in 1980 and is based in Aurora, Illinois.


DEAL STATS #
Overall 1 of 6
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Illinois) 1 of 2
Country (United States) 1 of 5
Year (2000) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-29 HyperEdge

Batavia, Illinois, United States

HyperEdge Corporation designs and markets equipment and systems that enable broadband access within the “last mile” of the telecommunications network. HyperEdge is an established provider of T1-based broadband access products. The T1 access lines enabled by HyperEdge’s products are the primary means of delivering broadband access to large and medium-sized commercial customers. HyperEdge has assembled a blue-chip customer base with sales to large telecommunication service providers such as Verizon, SBC and Bell South, accounting for more than 80% of the Company’s revenue.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 64 of 255
Sector (Electronics) 2 of 3
Type (Add-on Acquisition) 33 of 130
State (Illinois) 2 of 11
Country (United States) 61 of 207
Year (2000) 4 of 10
Size (of disclosed) 18 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-02 Direct Hit Technologies

Natick, Massachusetts, United States

Direct Hit is a second-generation search engine company that provides results to its OEM partners, as well as its own site.

Sell $506M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 Systems Center

Reston, Virginia, United States

Systems Center, Inc. is a vendor of systems software and networking software products.

Sell -