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LGC to be acquired by ADC |
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Friday, 02 November 2007 |
LGC Wireless has agreed to be acquired for US$169 million in cash and other considerations by ADC, an international leader in network infrastructure equipment and professional services for broadband networks. The transaction is expected to close in approximately 45 days. The transaction gives the rapidly-growing LGC Wireless a stronger financial foundation with significantly larger development and marketing resources, which will help it further increase the market leadership of its InterReach Unison and InterReach Fusion product lines as well as its CDMA and GSM network solutions. The LGC Wireless acquisition is a linchpin for in-building coverage and capacity in ADC’s All IP Radio Access Network (IP RAN) strategy. LGC Wireless’s portfolio of in-building (DAS) and base station solutions will significantly bolster ADC’s existing line of wireless capacity and coverage solutions in a fast-growing market, supporting ADC’s overall goal of becoming a leading global provider of network infrastructure solutions.
www.adc.com
www.lgcwireless.com |
