Business Services Industry
A Novo gears for set-top repairs. (Up front: latest news and news insight).(Brief Article)
CED, October, 2001
A Novo Broadband Inc. forked over about $8 million plus assumed debt to acquire Broadband Services Inc.'s equipment repair division, giving A Novo repair access to analog and digital set-tops built by Motorola Broadband Communications Sector and Scientific-Atlanta Inc.
A Novo quickly followed the BSI purchase with a deal to acquire Pace Micro Technology plc's UK-based service and repair business, which will be folded into A Novo's General Electronique UK Ltd. subsidiary. Pace said the sale--terms of which were undisclosed--was part of a strategy to outsource "non-core" activities.
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