COMSovereign Holding Corp Acquires RF Engineering & Energy Resource
July 16, 2021
COMSovereign Holding Corp. (NASDAQ: COMS) has acquired RF Engineering & Energy Resource (RFEQ), a specialist in high-performance microwave antenna design, outsourced manufacturing and distribution, in a transaction involving restricted common stock (~$2.2M) and $550,000 cash. The acquisition brings in advanced antenna design capabilities, experienced engineering personnel and established sales/distribution channels serving tier‑1 telecom customers in the United States and Latin America to COMSovereign’s 4G/5G product portfolio.
- Buyers
- COMSovereign Holding Corp.
- Targets
- RF Engineering & Energy Resource
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Buyout
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