Wednesday, September 6, 2006
Telmar Completes Somera Buy
Irvine-based Telmar Network Technology has completed its acquisition of Texas-based Somera Communications, the firm announced today. Both companies provide used equipment and services for the telecommunications industry. The deal was worth $4.60 per share of Somera, making the total deal size worth approximately $23.3M. Somera was a provider of reconditioned telecommunications hardware, and was formerly headquartered in Santa Barbara.