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CANADA’S ENABLENCE BUYS ISRAEL’S TELEDATA NETWORKS

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Friday, May 14th, 2010

Canada’s Enablence Technologies Inc, which supplies optical components, is acquiring Israel’s Teledata Networks Ltd for $50 million to expand in the global broadband market.

Teledata Networks is a leading provider of products and services enabling telecom companies to migrate to Next Generation networks. Using Teledata’s Multi-Service Access Platform and VDSL capabilities Enablence’s international customers will be able to evolve their copper networks to fiber.

Teledata has a widely installed base, spanning millions of lines in over 55 countries worldwide, including Brazil, Chile, Costa Rica, Kazakhstan and South Africa.

Enablence, headquartered in Ottawa, Canada, designs, manufactures and sells optical components, subsystems and systems to a global customer base.

Source: Invest in Israel