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A Novo Gears for Set-Top Repairs

Sun, 09/30/2001 - 8:00pm
Staff

A Novo Broadband Inc. forked over about $8 million plus assumed debt to acquire Broadband Services Inc.'s equipment repair division, giving A Novo repair access to analog and digital set-tops built by Motorola Broadband Communications Sector and Scientific-Atlanta Inc.

A Novo quickly followed the BSI purchase with a deal to acquire Pace Micro Technology plc's UK-based service and repair business, which will be folded into A Novo's General Electronique UK Ltd. subsidiary. Pace said the sale–terms of which were undisclosed–was part of a strategy to outsource "non-core" activities.

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