…Axell Wireless Limited (‘Axell’), a privately-owned supplier of wireless communications for commercial and public safety markets, for a total consideration of up to 85 million pounds on a cash and debt-free basis. Cobham has paid an initial 60 million pounds for the business, with a further conditional cash consideration of up to 25 million pounds in total being payable during 2014 and 2015, contingent on future performance.
Axell is a leading global provider of Distributed Antenna Systems (DAS) and wireless solutions for the public safety and cellular markets, with a specific focus on communication systems for buildings and critical infrastructure applications. It has supplied coverage solutions for some high profile global infrastructure projects including the London 2012 Olympic Stadium, the Beijing and Singapore metros, the Burj Khalifa in Dubai, the Brisbane Airport tunnel and the Shard in London.
The acquisition of Axell presents significant opportunities to sell products to the respective customer bases of each company and provide larger system solutions for future customer requirements. Axell’s markets have been growing strongly, driven by rapidly increasing demand for indoor mobile data traffic and more stringent public safety regulations, which support the ability of emergency services to communicate within large buildings and at international events.
The company has approximately 250 employees worldwide and is headquartered in Chesham, U.K. It will become part of the Antenna Systems Strategic Business Unit, within Cobham’s Aerospace and Security Division.
Commenting on the acquisition, Cobham Chief Executive Officer, Bob Murphy, said, “Axell operates in an exciting and growing global market, bringing complementary technology to our existing businesses. This transaction, following the acquisition of Thrane & Thrane in 2012, represents another step towards achieving our strategic objective of bringing more balance to our portfolio.”
