Acquisition Completed

PairGain Technologies Inc. said Tuesday that it has completed its previously announced acquisition of Avidia Systems, a Connecticut-based developer of telecommunications devices.

Tustin-based PairGain paid $94 million in stock valued at $39.71 per share for Avidia in a deal announced last month. PairGain, one of the fastest growing high-tech companies in the nation in recent years, makes devices that improve the capacity of copper telephone lines to transmit voice and data signals.

Avidia is now a wholly owned subsidiary of PairGain.