Riverside-backed Abracon to acquire Proant and Proant Asia.

Riverside-backed Abracon, a firm that manufactures timing, synchronization, power, and connectivity solutions, agreed to acquire two technology-driven antenna companies Proant and Proant Asia. Financial terms were not disclosed. "Proant's success with antennas is attributed to providing cost-effective and robust connectivity to our customers. Now, by joining forces with Abracon, we increase our geographic footprint through Abracon's excellent global sales channels. Together with the Abracon antenna team, Proant will continue to develop and supply antenna solutions supporting market needs," Tomas Rutfors, Proant and Proant Asia CEO and Founder.