EXFO Electro-Optical Engineering Inc. acquired Efos Inc. on March 15, 2001 for US$25 million and 3.7 million subordinate voting shares of EXFO. The aggregate purchase price was approximately C$171 million.
Acting on behalf of EXFO were Robert Paré, Peter Villani, Claude Auger, Frédéric Boucher, Joel Binder and Kelly Callon-McLean of Fasken Martineau DuMoulin LLP. EXFO was also represented by in-house counsel Guy Paul Allard and Kimberley Okell. Phil Mohtadi and Mike Barrett of Torys acted for Efos, with assistance from Geoffrey Dyer and Harriet Nowell-Smith on tax matters.