MONTREAL, 28 Feb. 2008. Test engineering company Averna in Montreal is acquiring test and embedded systems provider Mindready Solutions Inc. Saint-Laurent, Quebec, to expand Averna's RF and communications products and establish a presence in Europe. Financial terms of the deal were not released.
Averna will acquire all intellectual property, a suite of hardware and software products including the Universal Radio Tester (URT) and SedNet IEEE-1394/FireWire, an engineering and management team in Canada and Ireland of 50, and a client base of electronic device and telematics manufacturers spread across North America, Europe, and Asia.
Post-acquisition, Mindready Solutions Inc. will cease to operate as a distinct entity, and Averna will remain a private, Canadian-owned company.
For more information contact Avernaonline at www.averna.com, or Mindready Solutions at www.mindready.com.
