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New Deal


Announced

Completed

Aviat Networks completed the acquisition of the wireless transport business from NEC for $70m.

Financials

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Transaction Value£61m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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information technology

Friendly

Acquisition

Cross Border

Private

Japan

Single Bidder

IT Services: Other

Majority

Completed

Synopsis

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Aviat Networks, a company in wireless transport and access solutions, completed the acquisition of the wireless transport business from NEC, a company in the integration of IT and network technologies, for $70m. "We are pleased to close this transaction and further solidify our position as the leading wireless transport specialist company. Now with the two businesses' products and services together, Aviat will be able to offer a superior solution to its combined customers around the world. We are eager to bring our best-in-class services and operations to the customers joining Aviat. We are committed to our goal of providing a better customer experience for all customers as a result of this transaction. Additionally, we welcome the employees joining Aviat from NEC. We look forward to building a great business together," Pete Smith, Aviat Networks CEO.

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