August 10, 2001 On Thursday, August 9, Fluke Networks (www.flukenetworks.com) announced the closing of the acquisition of Microtest (www.microtest.com). Fluke Networks paid approximately $74 million, or approximately $8.15 per share, in exchange for all outstanding shares of Microtest stock. The deal was approved by more than 90% of Microtest shareholders, and by appropriate government agencies.
Fluke Networks says that throughout the integration process and beyond, it plans to invest heavily in new product development and additional enhancements for the OMNIScanner series and other Microtest products.
"Both the Fluke Networks DSP-4000 CableAnalyzer series and the Microtest OMNIScanner series are essential elements in Fluke Networks' worldwide product strategy, and will continue to be available and supported," said Chris Odell, president of Fluke Networks.
"Fluke Networks will quickly begin the integration process by listening to customers, channel partners, and industry allies of both companies to fully understand their needs today and in the future," Odell also said. "As a result, the new, unified organization will be well positioned to exceed the expectations of cabling and networking professionals around the world."
