EXFO Inc.
EXFO INC. (Form: 6-K, Received: 10/02/2017 13:43:55)
 
 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.   20549

FORM 6-K


Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
Under the Securities Exchange Act of 1934

For the month of October 2017

EXFO Inc.
(Translation of registrant's name into English)

400 Godin Avenue, Quebec, Quebec, Canada   G1M 2K2
(Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F
Form 40-F

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes
No


If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-______.
 


 

 
 
 
On October 2, 2017, EXFO Inc., a Canadian corporation, announced it has closed its acquisition of Yenista Optics S.A.S. in an all-cash transaction valued at US$11.1 million.

This report on Form 6-K sets forth the press release issued on October 2, 2017 relating to EXFO's announcement and certain information relating to the transaction being filed in Canada.

This press release contains information relating to EXFO and is hereby incorporated as a document by reference to Form F-3 (Registration Statement under the Securities Act of 1933) declared effective as of July 30, 2001 and to Form F‑3 (Registration Statement under the Securities Act of 1933) declared effective as of March 11, 2002 and to amend certain material information as set forth in these two Form F-3 documents.
 

 

 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



 
EXFO INC.
 
 
 
By:         /s/ Benoit Ringuette
Name:    Benoit Ringuette
Title:      General Counsel and Corporate Secretary
   

Date: October 2, 2017
 
 


 
 
 
 


PRESS RELEASE

EXFO Closes Acquisition of Yenista Optics

QUEBEC CITY, CANADA, October 2, 2017 — EXFO Inc. (NASDAQ: EXFO, TSX: EXF), the network test, monitoring and analytics experts, announced today the company has closed its acquisition of Yenista Optics S.A.S. in an all-cash transaction valued at US$ 11.1 million.

Yenista Optics, a privately held company based in Lannion, France, supplies advanced optical test equipment for the R&D and manufacturing markets. Its product portfolio includes benchtop optical spectrum analyzers, tunable lasers, tunable filters and passive optical component test systems for network equipment manufacturers and optical component vendors. The company was profitable in 2016, generating revenue of US$ 5.8 million and growing.

Yenista Optics' high-end product offering, which increases EXFO's addressable market by more than $100 million in optical testing, will be integrated into the parent company's Physical-layer product family.

"EXFO has been the market leader for several years in portable optical testing, according to third-party estimates from Frost & Sullivan," said Germain Lamonde, EXFO's Executive Chairman. "Based on our internal numbers, Yenista's additional revenue raises EXFO to the No. 1 position in the global fiber-optic test equipment market. We intend to leverage Yenista's technology leadership, EXFO's global sales presence and strong brand to further increase market share in optical testing, especially in lab and manufacturing use cases for network equipment and component vendors."

About Yenista Optics
Yenista Optics designs and manufactures high-performance, fiber-optic test equipment for a broad range of applications in the R&D and manufacturing markets. Founded in 2003, the company owns more than 20 patents protecting its proprietary technologies on measurement techniques, optical filters and external cavity lasers.
 
About EXFO
EXFO develops smarter network test, monitoring and analytics solutions for the world's leading communications service providers, network equipment manufacturers and webscale companies. Since 1985, we've worked side by side with our customers in the lab, field, data center, boardroom and beyond to pioneer essential technology and methods for each phase of the network lifecycle. Our portfolio of test orchestration and real-time 3D analytics solutions turns complex into simple and delivers business-critical insights from the network, service and subscriber dimensions. Most importantly, we help our customers flourish in a rapidly transforming industry where "good enough" testing, monitoring and analytics just aren't good enough anymore—they never were for us, anyway. For more information, visit EXFO.com and follow us on the EXFO Blog .
 



 
 

 
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, and we intend that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are statements other than historical information or statements of current condition. Words such as may, expect, believe, plan, anticipate, intend, could, estimate, continue or similar expressions or the negative of such expressions are intended to identify forward-looking statements. In addition, any statement that refers to expectations, projections or other characterizations of future events and circumstances are considered forward-looking statements. They are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in forward-looking statements due to various factors including, but not limited to, macroeconomic uncertainty as well as capital spending and network deployment levels in the telecommunications industry (including our ability to quickly adapt cost structures with anticipated levels of business and our ability to manage inventory levels with market demand); future economic, competitive, financial and market conditions; consolidation in the global telecommunications test and service assurance industry and increased competition among vendors; capacity to adapt our future product offering to future technological changes; limited visibility with regard to timing and nature of customer orders; longer sales cycles for complex systems involving customers' acceptances delaying revenue recognition; fluctuating exchange rates; concentration of sales; timely release and market acceptance of our new products and other upcoming products; our ability to successfully expand international operations; our ability to successfully integrate businesses that we acquire; and the retention of key technical and management personnel. Assumptions relating to the foregoing involve judgments and risks, all of which are difficult or impossible to predict and many of which are beyond our control. Other risk factors that may affect our future performance and operations are detailed in our Annual Report, on Form 20-F, and our other filings with the U.S. Securities and Exchange Commission and the Canadian securities commissions. We believe that the expectations reflected in the forward-looking statements are reasonable based on information currently available to us, but we cannot assure that the expectations will prove to have been correct. Accordingly, you should not place undue reliance on these forward-looking statements. These statements speak only as of the date of this document. Unless required by law or applicable regulations, we undertake no obligation to revise or update any of them to reflect events or circumstances that occur after the date of this document.

EXFO-F


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For information
Vance Oliver
Director, Investor Relations
(418) 683-0913, ext. 23733