Tuesday, January 11, 2005

Andrew Corp Acquires Xenicom for Wireless Management

Andrew Corporation has acquired Xenicom Ltd., a privately-held UK-based provider of software solutions that help telecommunications operators plan, launch, and manage wireless networks. Specifically, Xenicom's solutions help to manage 2G, 2.5G, and 3G wireless networks.

Andrew paid approximately $11.5 million cash, with additional cash consideration possible if certain financial performance goals are reached over a two-year period. Xenicom generated approximately $11 million in sales during the 12 months ending September 2004. Its customers include several major European mobile operators.


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