Axell Wireless Joins Cobham PLC
Axell Wireless Acquired by Cobham plc for up to £85m
Chesham UK 10 May 2013: 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 Cobham
About Axell Wireless
Axell Wireless is one of the largest global manufacturers of wireless coverage solutions and the No 1 provider of solutions for the public safety market. Employing circa 250 people, Axell Wireless has headquarters in Chesham, UK but operates from a network of 16 offices across the globe. Axell Wireless has an enviable track record spanning some 40 years having supplied coverage solutions into many types of environments including small and large buildings, campus and stadia, road and rail tunnels, metros, rural or remote areas, and transportation systems including railways and aeroplanes. www.axellwireless.com