Aviat Networks to Acquire Redline Communications
April 13, 2022
Aviat Networks (Nasdaq: AVNW) has entered into an arrangement agreement to acquire all outstanding shares of Redline Communications Group (TSX: RDL) for CAD 0.90 per share in an all-cash transaction valued at approximately CAD 16.2 million. The acquisition, to be funded from Aviat's cash on hand and subject to customary regulatory and court approvals, will add Redline's wireless access capabilities (including Private LTE/5G and industrial PTP/PTMP) to Aviat's wireless transport portfolio to expand its private networks offerings and serve Oil & Gas, mining and transportation customers.
- Buyers
- Aviat Networks, Inc.
- Targets
- Redline Communications Group, Inc.
- Sellers
- Redline shareholders
- Industry
- Telecommunications
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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