CommScope to acquire Argus Technologies

CommScope will acquire Argus Technologies. The acquisition is expected to be completed by the end of the third quarter of 2011. However, the terms of the agreement are not being disclosed. The acquisition will enable CommScope to broaden its antenna solutions portfolio, deepen its research and development capabilities, strengthen its global market presence and accelerate its growth in the wireless market, said a press release.

Argus' top operating executives-John Bonello, managing director, and Bevan Jones, group technology director-are expected to continue in active roles with the business upon completion of the acquisition. CommScope will fund the acquisition from cash on hand and funds available under its revolving credit facility.

“We are very excited to work with the distinguished team from Argus and look forward to building upon their excellent technology, proven innovation and specialized solutions such as high capacity antennas for large venues,” said Paul Bell, senior vice president and general manager, Base Station Antennas and Microwave Products. He further added, “Argus will be a strong fit for us as we continue to support wireless operators globally in their evolution to new technologies and their drive to meet the ever-increasing bandwidth needs of consumers and businesses.”

“We're pleased to join CommScope, and look forward to pairing our antenna research and technology strengths with a company that already is a respected global leader in RF solutions for wireless network infrastructure,” said Bonello. “We believe that by combining our strong and complementary antenna technologies we can provide even better solutions as wireless customers evolve their networks around the globe”, he noted.