CommScope has signed an agreement to acquire Argus Technologies, a privately-held company headquartered in Bella Vista, New South Wales, Australia, for an undisclosed sum.
Argus Technologies, provides high performance, high technology antennas for base stations, stadiums and venues, and other wireless applications. It was founded in 1994 by Dr. Bevan Jones, John Bonello and Danny Schwotzer.
CommScope said the deal will broaden its portfolio of antennas, strengthen its global market presence and accelerate its growth in the wireless market.
"We are very excited to work with the distinguished team from Argus and look forward to building upon their excellent technology, proven innovation and specialized solutions such as high capacity antennas for large venues," said Paul Bell, senior vice president and general manager, Base Station Antennas and Microwave Products. "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."
CommScope will fund the acquisition from cash on hand and funds available under its revolving credit facility.http://www.commscope.com
- Earlier this month, CommScope acquired LiquidxStream Systems, a start-up developing dense universal edge QAM (quadrature amplitude modulation) systems. The company is based in Montreal, Canada. Financial terms were not disclosed.
- In March 2011, CommScope introduced a new corporate identity and branding. The move follows the recent privatization by The Carlyle Group, which acquired all of the outstanding shares of CommScope for $31.50 per share in cash -- a transaction valued at approximately $3.9 billion.
CommScope, which is based in Hickory, North Carolina, began as a small provider of cabling to the nascent cable TV market in the 1970s. It is now a multi-billion dollar, global infrastructure leader with solutions for wireless, wireline, enterprise and cable television networks.
The brand makeover is the first for CommScope since the mid-1990s and follows the acquisitions of Avaya's Connectivity Solutions division in 2003 and Andrew Corporation in 2007.
