Although the acquisition figure was not disclosed it was described by Adtran’s CEO Thomas Stanton as being substantially less than the company’s acquisition of Blue Socket, which is thought to be in the $20 million range.
Part of the deal will include broadband access intellectual properties, technologies and established customer base. Up to 400 NSN workers are also expected to be transferred to Adtran globally from engineering, R&D, sales and professional services.
Adtran hopes the move will help expand its global footprint, having previously been largely restricted to the US and Latin America.
“With this planned acquisition, Adtran will combine its success with the strength of Nokia Siemens Networks’ broadband access business to deliver a full portfolio of solutions to meet customer needs on a global scale,” said Adtran CEO Tom Stanton.
The deal is expected to be completed by the end of April 2012and marks the second planned sale by NSN in recent weeks. The company announced the sale of its WiMAX business to NewNet at the end of November.
The sales are thought to be part of NSN’s restructuring strategy announced last month, which will involve a switch in focus to mobile broadband. The company has planned 17000 job cuts in an effort to streamline its business.
