Sunday, June 19, 2005

Ericsson to Acquire AXXESSIT for MSPPs

Ericsson will acquire AXXESSIT ASA, a Norwegian supplier of metro optical transport equipment for NOK 28.50 in cash per AXXESSIT share,
corresponding to a premium of 43.9% per share. The value of the offer
totals NOK 330 million (US$51 million).

AXXESSIT offers Integrated Access Devices and Multi-Service Provisioning Platforms for next generation access and metro networks. The equipment is ideally suited for establishing traditional and new services, based on PDH, SDH, NG-SDH and Ethernet - for greenfield applications or as a complement to existing networks.

The AXXESSIT product portfolio includes its AXXCONNECT, a low-cost, Next Generation SDH ADM-1/ADM-4 that can either be used for grooming Ethernet services only, or in combination with traditional TDM services. The device supports Ethernet/Fast Ethernet and Gigabit Ethernet together with our own core technology for encapsulation and control mechanisms based on the new GFP, VCAT and LCAS standards.

AXXESIT is headquartered in Norway and has offices in London, Frankfurt, Warsaw, Brussels, Madrid and Moscow. It has about 180 employees.

See also