Rahul Sharma (Editor)

Aastra Technologies

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Former type
  
Public company

Industry
  
Telecommunications

Ceased operations
  
2014

Number of employees
  
1,690

Traded as
  
TSX: AAH

Defunct
  
2014 (2014)

Founded
  
1983

Aastra Technologies www1uccoukwpcontentuploads201505aastralo

Fate
  
Acquired by Mitel Networks Corporation

Key people
  
Francis Shen, Chairman & Co-CEOAnthony Shen, Co-CEO, President, & COO

Headquarters
  
Concord, Ontario, Vaughan, Canada

Aastra Technologies Limited headquartered in Concord, Ontario, Canada, makes products and systems for accessing communication networks including the Internet. Its products include residential and business telephone terminals, screen telephones, Enterprise Private branch exchanges (PBX), network access terminals and high quality digital video encoders, decoders and gateways.

Contents

Residential telephone equipment is sold in the United States as Bell equipment by Sonecor brand, which represents Southern New England Telecommunications.

Mitel Networks Corp. announced on November 11, 2013 that it will acquire Aastra Technologies Ltd. in a stock and cash deal valued at about $400 million.

History

  • In 1983, Francis Shen and Hugh Scholaert bought an engineering consulting company (Aerospace & Defense Market).
  • In 1993, the company started to specialise in telecommunications to develop and market products and systems to access communication networks.
  • In 1996, listing as a public company in Canada.

    • Mergers, Acquisitions and Sales

  • In 2000, Aastra acquired assets of Nortel Networks Access Solutions Division including the rights to manufacture phones under the Nortel name..
  • In 2001, Aastra acquired Nortel Digital Video Division and Ericsson Cable Modem.
  • In 2002, Aastra acquired Nortel CVX & CSG Division.
  • In 2003, Aastra acquired the ASCOM PBX System Division.
  • In 2005, 75% of Aastra Technologies' sales were made in Europe, having purchased that year the EADS Enterprise Telephony Business and the DeTeWe Telecommunication Systems business (Germany), with 17% in the United States, and only 5% in Canada.
  • In 2008, Aastra received Internet Telephony's Best of Show Award for 2007 for Best Large Enterprise Solution
  • In 2008, Aastra acquired the enterprise PBX division of Ericsson best known for MD110/MX-ONE Telephony Switch.
  • In January 2014, Mitel acquired Aastra.

    • References

    Aastra Technologies Wikipedia
    (Text) CC BY-SA


    Similar Topics