PairGain Will Purchase Unit of ABL Canada
Dow Jones
PairGain Technologies Inc. in Tustin said it agreed to acquire the optical products unit of ABL Canada Inc. for $10.4 million in cash.
The deal is expected to be wrapped up this month, according to PairGain, a telecommunications equipment maker that is being acquired by Minneapolis rival ADC Telecommunications Inc.
PairGain expects all 15 employees of the optical products unit to join the company.
ABL Canada in Montreal provides video systems and services.
