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Polystar to Acquire Xperior - Polystar has today entered into an asset purchase agreement with Xperior AB
Polystar to Acquire Xperior

 

NewswireToday - /newswire/ - Farsta, Sweden, 2010/05/03 - Polystar has today entered into an asset purchase agreement with Xperior AB.

   
 
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The purchase is structured as an asset sale on a cash and debt free basis. With this acquisition Polystar strengthens its organization with top notch expertise in the fields of Service Assurance, Test and support services.

"Acquiring Xperior's assets allows us to further increase our momentum as we continue to gain market shares in the areas of Test and Service Assurance. By adding highly skilled employees, Polystar reinforces and expands its organization to handle the increased demand for our products", said Mikael Grill, CEO of Polystar.

Xperior's operations generated approximately USD 5M in its last audited fiscal year, with robust profitability from products and services. Existing customers of Xperior will be offered attractive migration programs to get continued support and high quality solutions.

"Our two companies share a commitment to technological excellence and innovation, and we look forward to welcoming the Xperior employees into Polystar. We have been truly impressed with their outstanding performance during these challenging times", Mikael Grill continues.

"The agreement with Polystar provides a strong and stable future for Xperior. Customers will enjoy continued strong support from an industry leader as they look to evolve to LTE and IMS. Many employees will also have the opportunity to continue their work with Polystar, bringing their innovation power and creativity to the industry for years to come," said Patrik Träff, CEO of Xperior.

About Polystar
Polystar (polystar.com) is a leading telecommunications supplier providing world-class solutions for Service Assurance and Test. Polystar helps operators and network equipment manufacturers worldwide meet market change and increase the quality of services and network infrastructure.
Since its founding in Stockholm in 1983, Polystar has experienced a streak of unbroken profitability and grown to a global presence with more than 100 customers in over 50 countries.

About Xperior
Xperior is a leading Scandinavian distributor of advanced test systems and measurement solution for the communication market. Through proven expertise and relationship with first-rate suppliers, Xperior is today a preferred long-term local partner for some of world's largest telecom equipment manufacturers and major Nordic operators as well as for large enterprises and dedicated development companies. Xperior was founded 2002 and has since its first day shown stable growth and profitability.

 
 
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Written by / Agency / Source: Polystar

 
 

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Polystar to Acquire Xperior

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Publisher Contact: Inna Ott - Polystar.com 
+46 8 50 600 600
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Polystar securities in any jurisdiction including any other companies listed or named in this release.

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