Mitel plans to acquire Toshiba’s North American unified communications assets, following Toshiba’s decision earlier this year to exit the market.
The transaction will provide Toshiba customers and partners a clear path forward.
Combined with the transfer of existing inventory, the memorandum of understanding outlines a transition services agreement ensuring product and service continuity for Toshiba customers. Both companies are committed to supporting warranty and maintenance obligations.
The transaction reflects Mitel’s strategy to focus the company on expanding its position in the UCC market as digital transformation accelerates demand for cloud-based business communications solutions globally.
The transaction, once closed, will expand Mitel’s customer base and give it a No 3 position in cloud communications.
The transaction is expected to be completed early this summer.