Avaya has signed a definitive agreement to acquire the European provider of enterprise communications systems and services, Tenovis GmbH & Co. KG.
Under the terms of the agreement, Avaya will pay approximately $370 million in cash, as well as assume about $265 million in debt. The company noted that net of Tenovis’ expected cash position at closing of $115 million, Avaya’s cash outlay will be about $255 million. Avaya said the transaction is subject to customary regulatory approvals and closing conditions.Avaya said after the acquisition is completed, it expects international revenues will account for about 40 percent of its total revenues, up from 25 percent today. The company’s European revenues would nearly triple, growing from about 12 percent to about 30 percent of Avaya’s global business. When fully integrated, Avaya expects Tenovis will add about one billion dollars in annual revenues to Avaya.
“Tenovis brings Avaya an integrated sales and services organization and an extensive customer base in Europe. We have complementary businesses and strategies including a common understanding of the unique communications needs of the enterprise customer. We have a shared commitment to provide customers with a strong services capability as well as delivering to them the wide range of business benefits inherent in IP telephony solutions and applications“, pointed Don Peterson, chairman and CEO, Avaya.
2004-10-06
Em Foco – Empresa