Adtran, a US-based networking and communications specialist, has agreed to acquire Nokia Siemens Networks’ fixed line broadband access business (BBA), and its associated professional services and network management solutions.
The planned acquisition includes the broadband access intellectual properties, technologies and customer base.
The deal marks the latest in a series of asset sales from Finnish vendor Nokia Siemens Networks, which is currently restructuring its business.
As part of the planned deal, up to 400 people, including engineering, R&D, sales and professional services staff, are expected to transfer to Adran.
The deal is expected to close by the end of April 2012.
Adran said that it expects the acquired business to become profitable after its first full year after the deal is completed.
“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 Tom Stanton, CEO, Adtran. He added that the deal is expected to give Adran an established customer base and presence in key markets.
Marc Rouanne, head of mobile broadband at Nokia Siemens Networks, said: “The planned sale is in line with our new strategy to increase our focus on the mobile broadband and services market.”