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- Aviat Networks (NASDAQ:AVNW) acquires 4RF Limited, a New Zealand-based provider of industrial wireless access solutions.
- Aviat (AVNW) expects the transaction to be immediately accretive to gross margin, Adjusted EBITDA and Non-GAAP Earnings per Share. the first year.
- Approximately 90% of 4RF and Aviat Networks (AVNW) utility customers are distinct, creating the potential for future cross-selling opportunities.
- This acquisition opens up new segments for Aviat: a $200 million narrowband connectivity segment and the $1.4 billion cellular router (LTE/5G) market.
- Terms of the acquisition were not disclosed.