Celestica Completes US$10B Outsourcing Arrangement with Lucent

Celestica Inc. of Toronto and Lucent Technologies of Murray Hill, New Jersey announced on September 4, 2001, that they had completed transactions under which Celestica acquired Lucent’s manufacturing operations in Oklahoma City, Oklahoma and Columbus, Ohio for approximately US$570 million. Concurrently, Lucent and Celestica entered into a five-year manufacturing supply agreement anticipated to generate up to US$10 billion of revenue for Celestica during its five-year term. The strategic manufacturing supply agreement will see Celestica become the leading provider of electronics manufacturing services for Lucent’s North American switching, access and wireless networking systems products.

For assistance in this transaction, Celestica turned to a team of lawyers at Davies Ward Phillips & Vineberg LLP comprised of I. Berl Nadler, Sarbjit S. Basra, Tarne P. Whiteley and Melanie M. Koszegi (corporate), Richard Corley and Mark Hayes (information technology), Gray Taylor and Shauna Finlay (environmental), at Davies Ward’s Toronto office and Marc Berger of Davies Ward’s New York office for U.S. legal matters. Lucent was represented by an in-house legal team led by Manish Yadav with assistance from Yan Xuan (supply agreement), Jeffrey Weinick (information technology) and Ralph McMurray of Hill, Betts & Nash LLP (environmental).