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Aastra Digital Video now part of the Harris group
May 24, 2006 9:47 AM
Harris has expanded its broadcast portfolio with the new acquisition.
Harris has signed a definitive agreement to acquire Aastra Digital Video, a business unit of Aastra Technologies.
Aastra Digital Video, based in Bridgewater, NJ, develops and markets video networking, encoding, decoding, and multiplexing technologies. The company currently has 35 employees.
Harris will acquire the assets of Aastra Digital Video for approximately $35 million in cash. The transaction is expected to be accretive to Harris fiscal year 2007 earnings per share, excluding acquisition-related charges.
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