ANDREW TO ACQUIRE SKYWARE RADIO SYSTEMS
Andrew Corp., a global provider in communications systems and products, has signed a definitive agreement to acquire Skyware Radio Systems GmbH, Krefeld, Germany, a producer of state-of-the-art electronic products for broadband satellite communications networks.
Under terms of the agreement, which is subject to review by German antitrust authorities, Andrew will pay approximately $9 M in cash, with additional cash consideration possible if certain financial performance goals are reached over a two-year period. Privately held Skyware generated approximately $12 M in sales during its fiscal 2004. Its products are in use primarily within the Europe, Middle East and Africa markets.
The addition of Skyware's microwave interactive low noise block (iLNB) and transceiver modules to Andrew's current direct broadcast satellite (DBS) and very small aperture terminal (VSAT) antenna product lines will make Andrew the first manufacturer to produce a comprehensive range of integrated outdoor unit (ODU) antennas for satellite broadband access.
"Skyware's capabilities are a perfect match with Andrew's existing antenna products, global customer reach, and manufacturing and sourcing capabilities," said Jude Panetta, group president, Satellite Communications, Andrew Corp. "Our new ability to add transceiver electronics to our VSAT antenna products will meet satellite broadband providers' needs for integrated systems that are easy and fast to order, install and support. This value-added capability will be unique to Andrew and benefit our customers worldwide."