Monday, March 18, 2013

Westell to Acquire Kentrox for $30 Million


Westell Technologies agreed to acquire and Kentrox for $30 million in cash.

Kentrox provides monitoring, management and control of remote sites, such as cell sites and towers. Its customers include major wireless and fixed-line telecommunications carriers, tower providers, cable and broadband network providers, utility companies, and enterprises. The company had revenues of approximately $29 million for the 12 months ended December 31, 2012.

"Kentrox is a perfect fit with our growth strategy,” said Rick Gilbert, Westell’s chairman and chief executive officer. “The company is a leader in providing intelligent site management solutions with a wireless focus, significant software content, and global reach. Kentrox has outstanding customers and solutions that complement Westell’s. In addition, it has an impressive team, excellent capabilities and real sales momentum. We expect the acquisition to propel us to about $80 million in annual revenue and add to earnings in fiscal 2014, which starts on April 1."

http://www.westell.com
http://www.kentrox.com


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