CommScope to acquire Argus Technologies
CommScope has signed an agreement to acquire Argus Technologies by the end of the third quarter of 2011.
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.
Paul Bell, Senior Vice-President & General Manager, Base Station Antennas and Microwave Products, said, “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.”
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.
John Bonello, Managing Director, and Bevan Jones, Group Technology Director, Argus, are expected to continue in active roles with the business upon completion of the acquisition.
Bonello said, “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.”
CommScope will fund the acquisition from cash on hand and funds available under its revolving credit facility.
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