Alvarion agreed to acquire privately-held Wavion, an Israel-based developer of carrier-grade WiFi solutions, for approximately $30 million in cash, including an assumed earn-out.
Wavion supplies WBS omni-direction and sector base stations, which operate at 2.4 GHz, 5 GHz and 700 MHz. Wavion leverages two-way spatially adaptive beamforming and Multiple Input Multiple Output ( MIMO) technologies. The company's revenues for the last twelve months were approximately $16 million.
Alvarion said the acquisition marks another milestone in its plan of shifting its primary focus from WiMAX-based RAN solutions to becoming a multitechnology wireless broadband solution provider. Alvarion intends to combine Wavion's WiFi platform with Alvarion's 4G RAN solution and recently-acquired DAS (distributed antenna systems).
http://www.alvarion.com
http://www.wavionnetworks.com
- Wavion was founded in 2000 and has distribution in 60 countries with offices in the US, Brazil, Argentina, Russia and India. Its investors include Elron Electronic Industries and BRM Capital.
