Axell Wireless announces it has been acquired by defence technology giant Cobham plc, for up to £85m.
Axell Wireless (“Axell”), the worldwide provider of distributed antenna systems (DAS) and wireless coverage solutions, today announced that it has been acquired by Cobham plc (“Cobham”) for up to £85m.
Cobham offers an innovative range of technologies and services to solve challenging problems across the commercial, defence and security markets, from deep space to the depths of the ocean. Cobham’s technological expertise includes leading positions in land, mobile and airborne antenna systems, mast systems, audio and radio management systems and radar and satellite communications. Cobham employs 10,000 people across five continents, has annual revenues of circa £1.8bn, with a heritage going back almost 80 years.
Axell will continue to be led by the existing management team operating within Cobham’s Antenna Systems Strategic Business Unit, part of Cobham’s Aerospace and Security Division.
The acquisition of Axell will enable Cobham to accelerate its focus on the commercial marketplace. Further it provides Cobham access to the exciting and rapidly growing DAS and wireless coverage segment presenting an additional customer base in an adjacent market.
“Working with Cobham, a pioneer in RF, antenna and wireless technologies provides Axell with a great opportunity to extend our leadership in the DAS and coverage market. Both Axell and Cobham share similar values based on innovation, technological leadership, quality and trust. We expect as a result of joining Cobham to be able to present our customers with an enhanced set of solutions, complementary technologies, and a wider and more comprehensive global presence” commented Ian Brown, CEO of Axell Wireless.
“We are very excited to enter the DAS and coverage market with the acquisition of Axell and support Ian Brown and his team in their ambition of becoming the overall market leader. We see many sales, R & D and operating synergies with our existing businesses and look forward to realising them for the benefit of both Axell and Cobham customers over the coming years” commented Fred Cahill, VP Antenna Systems Strategic Business Unit for