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Groupe Lagassé acquires majority of SR Telecom's assets

Date Closed

April 4, 2008

Lead Office

Montréal

On March 24, 2008, SR Telecom, a leading vendor in the global WiMAX market, announced that it had signed an asset purchase agreement with Groupe Lagassé for the purchase of the majority of SR Telecom’s assets, including its WiMAX Forum-certified symmetryMX product line, for an aggregate consideration of $6,050,000 payable at closing and by the assumption of certain stated liabilities. Groupe Lagassé is an international holding company based in Sherbrooke, Québec with manufacturing, products and services business units delivering leading edge communications solutions for the private and public sectors. The transaction closed on April 4, 2008.

Groupe Lagassé was represented by McCarthy Tétrault and a team led by Jean-René Gauthier that included Clemens Mayr, Alain Tardif, Mireille Fontaine, Mathieu Rheault and Rachel Ravary.

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