Aastra Technologies is in Advanced Negotiations with EADS to Acquire its Enterprise Telephony Business.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. & TORONTO -- Aastra Technologies Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AAH) - As EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study strategic focus is to further develop its European large system integrator business in Defence, the company has decided to find a capable successor for its Enterprise Telephony Business, with a strong customer focus and operating experience in the Private Branch eXchange (PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). ) and Telephony over Internet Protocol (ToIP) market. EADS and Aastra are in advanced negotiations on a project for the acquisition by Aastra of EADS Enterprise Telephony Business. Once the consultation period with the official employee representative bodies of EADS has been completed, EADS and Aastra intend to enter into an agreement whereby Aastra will purchase the EADS Enterprise Telephony Business. This business generated approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 170 million revenues in its last complete fiscal year ended December 2003. The net cash consideration at closing could be approximately EUR 72.5 million (subject to customary closing adjustments). The EADS Enterprise Telephony Business is a global provider of convergent communication systems and networks for Enterprise based on leading technologies such as IP telephony, multimedia call centers and applications. EADS Enterprise Telephony Business is the European number 5 and the French number 2 in the convergent enterprise telephony sector, with 7% and 30% respective market shares. EADS also holds a leading position on the very large contact centers and campus market in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . "We are confident that Aastra is the ideal telecom focused partner to ensure the long-term development of EADS Telephony over IP, which would certainly reinforce the outstanding technology and quality of service delivered to all our customers" said Michel Fouques, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of EADS Telecom. The acquisition would allow Aastra Technologies Limited to continue with its strategy of expanding its activities in the enterprise communications market following the purchase in 2003 of the PBX division of ASCOM ASCOM Astronomy Common Object Model ASCOM Army Service Command ASCOM ASW Operations Centers Communication Holdings AG. "Once completed, this acquisition would be extremely complementary to our existing business in terms of technology platforms, geographic markets and employee competencies" said Tony Shen, President of Aastra. "In addition to enhancing our current focus on the small-to-medium enterprise ("SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. ") segment of the PBX / Voice over Internet Protocol (VoIP) market, we would be able to expand our product offerings to include proven technological platforms for larger enterprise and call center applications" said Francis Shen, Chairman and CEO of Aastra. EADS is a global leader in aerospace, defence and related services. In 2003 EADS, generated revenues of EUR 30.1 billion and employed a workforce of about 109,000. The EADS Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and the joint venture MBDA MBDA Minority Business Development Agency (US Department of Commerce) MBDA Michigan Broadband Development Authority MBDA Minnesota Band Directors Association MBDA Matra BAE Dynamics Alenia MBDA Magnolia Ballroom Dancers' Association , the second largest missile producer in the global market. EADS is the major partner in the Eurofighter consortium, is the prime contractor for the Ariane launcher, develops the A400M military transport aircraft and is the largest industrial partner for the European satellite navigation system satellite navigation system satellite n → système m de navigation par satellite Galileo. For more information EADS, visit our Web site at www.eads.com or www.eads-telecom.com. Aastra Technologies Limited (TSX: "AAH"), headquartered in Concord, Ontario, Canada, develops and markets products and systems for accessing communication networks. Aastra's products include a full range of residential and business telephone terminals, Enterprise Private Branch Exchanges (PBX), network access servers and high quality digital video gateways. Aastra serves the majority of telephone companies and certain cable operators and broadcasters in North America and Europe, with a growing presence in South America and Asia. For more information on Aastra, visit our Web site at http://www.aastra.com. This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements of plans, objectives, strategies and expectations. The words "intend", "anticipate," "believe," "estimate" and "expect" and similar expressions are intended to identify forward-looking statements. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations are included in the reports filed by Aastra with securities regulatory authorities in Canada. Aastra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has not approved nor disapproved of the information contained in this statement. Aastra Technologies Limited (TSX:AAH) |
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