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PCTEL acquires Sigma Wireless for $27 million

Posted: 07 Jul 2005 ?? ?Print Version ?Bookmark and Share

Keywords:sigma wireless technologies? telecommunication? mobile?

PCTEL Inc. has acquired telecommunications and mobile company Sigma Wireless Technologies Ltd (SWT) from the Sigma Communications Group Ltd for roughly $27 million, strengthening its presence in Europe.

SWT develops antennas for public safety and for the rapidly growing UMTS cellular networks. The newly acquired operation, which comprises over 100 employees, will become part of PCTEL's Antenna Products Group (APG).

The purchase price includes $23.2 million in cash and the assumption of $3 million in pension liability. The selling stockholders of SWT may also earn up to an additional $9.1 million in cash based on SWT's fiscal performance over the 18-month period ending December 31, 2006.

With the move, PCTEL adds a European presence to its established presence in North and South America and China. In addition, the acquisition positions PCTEL in the rapidly growing UMTS infrastructure market with leading edge antenna technology and associated control systems.

SWT's iVET (integrated Variable Electrical Tilt) antenna technology permits cellular networks to remotely adjust and optimize coverage areas and antenna clusters in response to key network performance parameters, such as signal to noise ratios. Adjustable Remote Tilt or Remote Electrical Tilt (RET) antennas permit operators to adjust--using laptop computers or handheld devices--an antenna's tilt angle.

Joe Moore, SWT's current general manager, will continue in that capacity and also serve as PCTEL's vice president of European Operations.

- EE Times

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