CommScope announced that it signed an agreement to
acquire Argus Technologies, a producer of innovative antenna solutions for
wireless applications.
The companies did not share details of the agreement. The
acquisition is expected to be completed by the end of the third quarter of
2011. CommScope will fund the acquisition from cash on hand and funds available
under its revolving credit facility.
The acquisition will enable CommScope
to broaden its antenna solutions
portfolio, deepen its research and development capabilities, strengthen its
global market presence and accelerate its growth in the wireless market.
Argus Technologies,
headquartered in Australia, offers high performance, high technology antennas
for base stations, stadiums and venues, and other wireless applications. The company has become a well-respected global competitor in the wireless
network antenna market since its founding in 1994 by Bevan Jones, John
Bonello and Danny Schwotzer.
We are very excited to work with the distinguished team
from Argus and look forward to building upon their excellent technology, proven
innovation and specialized solutions such as high capacity antennas for large
venues,” said Paul Bell, senior vice president and general manager, Base
Station Antennas and Microwave Products.
Argus will be a strong fit for us as we continue to
support wireless operators globally in their evolution to new technologies and
their drive to meet the ever-increasing bandwidth needs of consumers and
businesses,” Bell added.
The demand for bandwidth and growth in network traffic
continues to drive wireless carriers, enterprises and broadband service
providers to invest in communications infrastructure. Wireless subscriber
growth in developing markets, the adoption of 3G and 4G services in more mature
markets, and network coverage needs inside buildings, tunnels and other
hard-to-reach locations are key growth catalysts for the wireless market.
CommScope solutions span the entire radio frequency (RF)
landscape, helping wireless carriers manage increasing cell site complexity and
optimize network planning, capacity, coverage, and performance.
Argus’ top operating executives – John Bonello, managing
director, and Bevan Jones, group technology director – are expected to continue
in active roles with the business upon completion of the acquisition.
We’re pleased to join CommScope, and look forward to
pairing our antenna research and technology strengths with a company that
already is a respected global leader in RF solutions for wireless network
infrastructure,” said Bonello. We believe that by combining
our strong and complementary antenna technologies we can provide even better
solutions as wireless customers evolve their networks around the globe.”
By TelecomLead.com Team
editor@telecomlead.com
