ADTRAN Set to Acquire Nokia Siemens Networks’ BBA Business
On the heels of ADTRAN Connect 2011 comes an aggressive new move as the networking company looks to make a bigger splash in the IT industry and the channel. ADTRAN has Nokia Siemens Networks’ Broadband Access Business in its crosshairs for acquisition, and with that comes new opportunities. Details are on deck …
What’s the deal? Nokia Siemens Networks’ Broadband Access Business (BBA) has some things ADTRAN has been wanting, specifically, “400 people, including engineering, R&D, sales and professional services employees.” Once under the ADTRAN wing, those employees will be tasked with building out ADTRAN’s ability to provide robust infrastructure technologies and network offerings, with all “associated professional services,” of course. For VARs and MSPs working with ADTRAN, that should translate to good news all around.
With the acquisition set to close by April 2012, ADTRAN expects neutral earnings for the first year, and accretive earnings after that. Both Nokia Siemens Networks and ADTRAN fully believe this acquisition will propel ADTRAN deeper into global communication opportunities while giving Nokia Siemens Networks more slack to “increase [their] focus on the mobile broadband and services market.”
Bigger picture? It’s a smart move for ADTRAN, especially since it ties in nicely with ADTRAN’s continuing focus on the managed services industry.