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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
“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)
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