OMAHA, Neb.-West Corp., which provides outsourced communications services, inked an agreement to acquire emergency infrastructure and services provider Intrado Inc. for about $465 million, or $26 per share, in cash.
West said it plans to fund the purchase with cash on hand, its existing credit facility and additional debt; the company expects the acquisition to be “slightly dilutive to earnings” in 2006 but have a positive effect in 2007. West plans to integrate Longmont, Colo.-based Intrado into its Communications Services segment.
The deal is expected to close in the second quarter, subject to Intrado shareholder approval and customary closing conditions.
“Intrado complements the existing offerings of our Communications Services segment, providing a highly visible revenue stream and additional cross-selling and margin expansion opportunities,” said Thomas Barker, chief executive officer of West Corp.
