Enablence Sells Trident Business to Aurora Networks for $5M

  • Aurora Networks
  • Enablence
  • FTTH
TORONTO, ONTARIO - Enablence Technologies announced that it completed the sale of its Trident7 FTTP platform business to Aurora Networks in a transaction valued at $5.1 million, including $2.75 million of cash and the assumption of certain liabilities and contingent liabilities. Enablence acquired the Trident7 platform when it bought Wave7 Technologies in 2008 for $14 million.

In addition, Enablence and its subsidiaries sold the MAGNM FX product line, another FTTP platform that it acquired from Pannaway (which in turn acquired it from TelStrat), by divesting assets that include $0.18 million of cash and transferring liabilities totaling $0.44 million to FX Support LLC. FX Support consists of the same engineers and customer support personnel that have supported the MAGNM (originally Inteleflex) line since 1999.

"This is an important step in repositioning the Company to focus on our core components business," said Tim Thorsteinson, CEO of Enablence. Before entering the access systems business through its acquisition of Wave7, Enablence specialized in optical components.

Guy Sucharczuk, chairman, president and CEO of Aurora Networks, commented, "Acquiring the Trident7 product family from Enablence is very complementary with Aurora Networks’ strategic vision of network evolution. It will enable us to further integrate technologies which operators will need to continue the evolution of their networks. This acquisition will provide an additional tool for operators to meet the ever-growing demand for capacity-per-subscriber. "

Enablence's divestment of its systems division is part of an overall consolidation trend in the FTTP industry. In the last year, Occam Networks was acquired by Calix and Hitachi ended the sales of its FTTP electronics in the U.S. market. In the outside-plant portion of the industry, ADC was acquired by Tyco Electronics (now TE Connectivity), and fiber manufacturer Draka was acquired by Prysmian.

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