Alvarion Ltd. (ALVR) to acquire Wavion
Alvarion Ltd. has announced today that it has signed a definitive agreement to acquire privately-held Wavion for approximately $30 million in cash. This firm is an Israeli-based technology leader in carrier-grade WiFi applications. Wavion's revenues for the past 12 months total about $16 million. The deal is expected to close before the end of the year.
Alvarion intends to combine Wavion's best-of-breed WiFi platform with its 4G RAN solution and recently-acquired DAS (distributed antenna systems) capabilities to create a full suite of capacity and coverage solutions that is not available from any other vendor anywhere in the world. Alvarion believes that current coverage and capacity challenges cannot be addressed effectively by any single technology.
The acquisition of Wavion marks another milestone in Alvarion's strategic business plan aimed at shifting its primary focus from WiMAX-based RAN solutions to becoming a multi-technology wireless broadband solution company.
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