Avaya in €85.7m deal to buy Spectel

AMERICAN IT equipment maker Avaya had agreed to buy Ireland’s Spectel, a maker of audio conferencing gear, for €85.7 million.

The cash transaction is expected to close within 60 days and is subject to regulatory approval, laws and customary closing conditions.

Spectel, a world leader in audio conferencing solutions, has about 210 employees and offices in Dublin, Andover, Massachusetts and other strategic locations. The company serves more than 500 customers globally.