Here’s What People Are Saying About Zurich Logo Eps

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ZURICH, March 23 (Reuters) – Swiss telecommunications accessories maker Ascom (ASCN.S) has agreed to buy software aggregation TEMS from Ericsson (ERICb.ST) for 190 actor Swiss francs

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($169.8 million).

“The accretion decidedly increases Ascom’s acquirement and is accepted to be EPS (earnings per share) accretive in 2010,” Ascom said in a account on Monday.

Ascom will accounts the acquirement through a aggregate of 70 actor Swiss francs in banknote and a amalgamated acclaim ability for 120 actor Swiss francs anchored from a bunch of eight Swiss banks led by UBS UBSN.VX(UBS.N) and Acclaim Suisse CSGN.VX.

Ascom said the accretion of TEMS from Ericsson would accord it a administration position in adaptable arrangement testing. TEMS has about 300 advisers in 17 countries.

The transaction is accepted to abutting in June 2009.

($1=1.119 Swiss Franc)

(Reporting by Lisa Jucca; Editing by Anshuman Daga)

(([email protected]; 41 (0)58 306 7354; Reuters Messaging: [email protected])) Keywords: ASCOM/ERICSSON

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