TMCNet:  AFL acquires ALTA Group

[November 22, 2012]

AFL acquires ALTA Group

Nov 22, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- AFL, a manufacturer of fiber optic cables and components, has acquired ALTA Group, a provider of services for the telecommunications industry. Both the companies are based in the US.

Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2012-11-21 Deal Participants Target (Company) ALTA Group - Georgia, US Acquirer (Company) AFL Deal Rationale The transaction allows AFL to broaden its capabilities, enable it to better serve the telecommunications industry in the US and UK, and significantly expand their offering into the Canadian market.

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