Amphenol Acquires PCTEL for About $139.7 Million
October 16, 2023
PCTEL, a provider of wireless technology solutions, announced it reached a definitive agreement to be acquired by Amphenol Corporation in an all-cash transaction valued at approximately $139.7 million. PCTEL shareholders will receive $7.00 per share, and the deal is expected to close in Q4 2023 or early 2024, subject to stockholder approval and customary closing conditions.
- Buyers
- Amphenol Corporation
- Targets
- PCTEL
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Buyout
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