Axis Network Technology Acquired by South Korea’s Ace
14.05.2010
Axis Network Technology Ltd of Aylesbury, Buckinghamshire, has been purchased by South Korean companies Ace Technologies Corp and Ace & Partners for USD 35 million.
Ace Technologies has acquired 55% of Axis, while Ace & Partners purchased 45%.
The deal will expand Ace’s wireless network business with the addition of Remote Radio Heads.
The will strengthen the company’s platform for compact base stations and integrated and active antennas.
Simon Mellor, CEO of Axis, said, “This is an exciting strategic acquisition that provides both companies with greatly enhanced business opportunities.
“The combination of Axis Network Technology’s market leading knowledge and expertise in remote radio head products together with Ace Technologies Corp.’s advanced antenna systems and RF components create a global powerhouse in the 4G LTE and WiMAX infrastructure markets.”
