Fluke Networks to purchase Harris Corp.

May 20, 2004
May 20, 2004 - California-based operations include Access Test and Management and Portable Test Equipment and Tools groups.

Fluke Networks has entered into a definitive agreement to purchase the operations of Harris Corp. for approximately $50 million in cash.

The Camarillo, CA- based operations of Harris Corp. include the Access Test and Management and Portable Test Equipment and Tools groups. These groups deliver handheld test and measurement solutions for telecom technicians including butt sets, specialty tools, toners and probes.

"The acquisition of these successful product lines is an excellent, complementary fit for Fluke Networks as we position ourselves for leadership in the telecom/outside plant test market," says Chris Odell, Fluke Networks president. "We can now serve our telecom customers with everything from mission-critical Operation Support Systems (OSS) solutions, to tools that meet the everyday needs of the field technicians."

"We are looking forward to becoming an important part of an organization that is clearly intent on focusing on our telecom market," says Thomas Erdmann, vice president of the Camarillo operations for Harris. "We see tremendous opportunity for expanded sales of our tools and test set lines through Fluke Networks, especially internationally."

Ed Sztuka, director of Fluke Networks' Outside Plant Business Unit, says the combined operations will help Fluke provide increased benefits and capabilities to customers in three main areas.

"Better and more cost effective maintenance of the local loop; more fully integrated reactive troubleshooting and repair of the local loop; and more efficient telecom processes focused on the access network," he says.

Fluke Networks is based in Everett, WA. For more information visit www.flukenetworks.com.

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