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- Aviat Networks (NASDAQ:AVNW) acquires 4RF Limited — provider of industrial wireless access solutions, headquartered in New-Zealand.
- Aviat (AVNW) expects the transaction to be immediately accretive to gross margin and to be accretive to adjusted EBITDA and non-GAAP EPS in the first year.
- Approximately 90% of 4RF and Aviat Networks (AVNW) utility customers are distinct, creating the possibility for future cross-selling opportunities.
- This acquisition opens new segments for Aviat — a $200M narrowband connectivity segment and the Cellular (LTE/5G) Router market of $1.4B.
- Terms of acquisition were not disclosed.