EXFO completes US$93 million acquisition of Avantas Networks

On November 5, 2001, EXFO Electro-Optical Engineering Inc. (NASDAQ: EXFO, TSE: EXF) announced that it had completed its previously announced acquisition of Avantas Networks Corporation. Avantas, a Montréal-based, pre-revenue company, is a supplier of leading-edge fiber-optic testing and optical network performance management equipment that supports a wide range of protocols and data transmission rates.

EXFO is a leading designer and manufacturer of fiber-optic test, measurement and automation solutions for the telecommunications industry.

EXFO was advised in this transaction by a team from Fasken Martineau including, among others, Robert Paré, Peter Villani and Frédéric Boucher (corporate) and Claude Auger (tax).