logo
logo

Aviat Networks Announces Intent To Acquire Redline Communications

Apr 13, 2022•about 3 years ago

Acquiring Company

Aviat Networks

Acquired Company

Redline Communications

AustinWirelessNatural ResourcesManufacturingHardware

Description

Aviat Networks, Inc. ("Aviat") (Nasdaq: AVNW)) , the leading expert in wireless transport solutions, and Redline Communications Group, Inc. ("Redline") (TSX: RDL), a leading provider in mission-critical data infrastructure, announced today that they have entered into an arrangement agreement (the "Arrangement Agreement") under which Aviat will acquire all outstanding shares of Redline for CAD$0.90 per common share (approximately USD$0.71 per share), in an all-cash transaction (the "Transaction") valued at approximately CAD $16.2 million (approximately USD$12.9 million). Aviat expects to fully fund the acquisition from cash on hand. Subject to customary closing conditions and necessary regulatory approvals, the transaction is expected to close within four months.

Company Information

Company

Aviat Networks

Location

Austin, Texas, United States

About

Aviat Networks, Inc. (NASDAQ: AVNW) works to provide dependable wireless transport products, services and support to our customers, building the foundation for an LTE and 5G broadband future. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat Networks is headquartered in Austin, Texas.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Pete hidden

hidden

Michael hidden

hidden
hidden