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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Apr. 16, 11:30 AM

This Slide: #86 of 100

Slide #86. Vecima Networks, Inc. — Cable Business assets of Casa Systems, Inc.

Acquirer: Vecima Networks, Inc. (TSE:VCM.CA)
Acquiree: Cable Business assets of Casa Systems, Inc.
Details: Vecima Networks, Inc. (TSX:VCM.CA) today announced it has entered into an asset purchase agreement ("APA") to acquire the Cable Business assets of Casa Systems, Inc. ("Casa") and certain of Casa's subsidiaries. Under the APA, Vecima, or its affiliates, will acquire substantially all the assets of Casa's Cable Business for a purchase price of USD $20 million. To facilitate the sale, Casa and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").

Vecima Networks designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. Co.'s hardware products incorporate embedded software developed by the Co. to meet the requirements of next-generation, high-speed digital networks. Through its subsidiary, Co. supplies software defined platforms for defence and satellite communication applications. Through the Co.'s variable interest entity, Yourlink Inc., Co. operates several small cable and broadband wireless service providers and owns certain licences to commercial spectrum.

Open the VCM.CA Page at The Online Investor »

VCM.CA — Key Stats (updated 32 minutes ago)
Company Name:  Vecima Networks Inc
Website:  www.vecima.com
Sector:  Manufacturing
 

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April 16, 2024  •  11:30 AM Eastern
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