Plano-based equipment maker DZS Inc. is acquiring a Canadian company to expand its networking capabilities for top-tier North American service providers building broadband and next-generation 5G networks.
DZS announced the deal Wednesday with Optelian, an Ottawa-based optical networking firm. Terms of the transaction weren’t immediately disclosed.
“The acquisition of Optelian will uniquely distinguish us from the traditional edge access mobile and broadband suppliers and accelerate our path forward with Tier 1 service providers in North America,” said DZS CEO Charlie Vogt in a statement.
Optelian’s intellectual property will broaden DZS’ mobile technology product line. DZS’ 800 employees develop and produce broadband access equipment for internet service providers. Its customers include hotels, universities, sports arenas, military bases, government institutions, manufacturers and Fortune 500 businesses.
Through the end of September, DZS reported revenue of $212 million, down 8% from the $229 million recorded during the same period a year earlier. It has not reported 2020 year-end results yet.
DZS last year moved its corporate headquarters from Oakland to Plano, where it launched an engineering center to focus on innovation in the 5G space and other technologies. It also has production facilities in Florida and Germany, and contract manufacturers in China, India, South Korea and Vietnam.
The DZS deal is one of five announced this week by North Texas companies, as this year’s flurry of mergers and acquisitions rolls into its third straight week. Other deals involved a fast-casual restaurant chain, a medical imaging company, a health insurance marketer and a media buying firm.
Companies making moves are looking to strengthen their market share or grow in related sectors, according to PwC’s 2021 outlook. Fifty-three percent of U.S. executives surveyed in late 2020 by PwC said they planned to increase M&A spending this year.
Tuesday’s acquisitions by Dallas-Fort Worth firms included:
- Addison-based Solis Mammography is acquiring outpatient medical imaging company Progressive Radiology to expand its services in Maryland, Virginia and Washington, D.C. Solis Mammography describes itself as the nation’s largest independent provider of breast health and diagnostic services. Progressive Radiology will be joined with Solis Mammography’s Washington Radiology, giving the combined operation 17 imaging centers in the D.C. metro area. Solis Mammography operates 85 centers in nine major cities.
- Plano-based Amici Partners Group is completing its acquisition of Friendly’s Restaurants, an East Coast fixture for more than 80 years. Friendly’s operates 130 restaurants, serving signature sandwiches, burgers and ice cream desserts. Amici said all locations will remain open.
- Dallas-based Integrity Marketing Group is buying a health insurance marketing company based in Fairmont, Minn. Integrity, an independent distributor of life and health insurance products, is adding IFC National Marketing Inc. to its holdings. IFC specializes in senior products including Medicare, health and life insurance, as well as burial expense products and annuities. Integrity’s nearly 5,000 employees work with 325,000 independent agents.
- Fort Worth-based Simpli.fi is acquiring the Advantage Software Co. of Mooresville, N.C., creating a 400-employee combined company that serves 1,000 advertising agencies and media buyers. Simpli.fi works with the world’s largest buyers of advertising.
Financial terms of those transactions also weren’t disclosed.
