Andrew Corporation, a global leader in communications systems and
products, has successfully completed its previously-announced agreement
to acquire Skyware Radio Systems GmbH of Krefeld, Germany, a producer of
state-of-the-art electronic products for broadband satellite
Skyware and its approximately 40 employees--located in Krefeld, Germany,
and Stockport, England--now are part of Andrew's Satellite
Communications Group, which had sales of $140 million in fiscal 2005.
Andrew paid approximately $9 million in cash, with additional cash
consideration possible if certain financial performance goals are
reached over a two-year period.
The addition of Skyware's microwave interactive low noise block (iLNB)
and transceiver modules to Andrew's current direct broadcast satellite
(DBS) and very small aperture terminal (VSAT) antenna product lines will
make Andrew the first manufacturer to produce a comprehensive range of
integrated outdoor unit (ODU) antennas for satellite broadband access.
iLNBs convert and amplify radio signals, such as television remote
control commands from a subscriber back to a satellite service provider.
"Skyware's capabilities are a perfect match with Andrew's existing
antenna products, global customer reach, and manufacturing and sourcing
capabilities," said Jude Panetta, group president, Satellite
Communications, Andrew Corporation. "Our new ability to add transceiver
electronics to our VSAT antenna products will meet satellite broadband
providers' needs for integrated systems that are easy and fast to order,
install, and support. This enables us to emulate the total solution
strategy successfully deployed by Andrew to serve the wireless
Andrew's Satellite Communications Group provides a complete line of
antennas from 43 centimeters to 11.5 meters for all enterprise,
government, and consumer satellite communication applications.
Andrew-designed and -built products--which cover C, Ku, K, X, and the
emerging Ka band--include type approved earth station antenna hubs and
gateways for broadband and broadcast, VSAT broadband antennas for
consumer and enterprise customers, DBS antennas for home satellite
broadcast systems, and complete installation and testing services.
About Andrew Corporation
Andrew Corporation (NASDAQ:ANDW) designs, manufactures, and delivers
innovative and essential equipment and solutions for the global
communications infrastructure market. The company serves operators and
equipment manufacturers from facilities in 35 countries. Andrew (www.andrew.com),
headquartered in Westchester, IL, is an S&P 500 company founded in 1937.
Forward Looking Statements
Some of the statements in this news release are forward looking
statements and we caution our stockholders and others that these
statements involve certain risks and uncertainties. Factors that may
cause actual results to differ from expected results include
fluctuations in commodity costs, the company's ability to integrate
acquisitions and to realize the anticipated synergies and cost savings,
the effects of competitive products and pricing, economic and political
conditions that may impact customers' ability to fund purchases of our
products and services, the company's ability to achieve the cost savings
anticipated from cost reduction programs, fluctuations in foreign
currency exchange rates, the timing of cash payments and receipts, end
use demands for wireless communication services, the loss of one or more
significant customers, and other business factors. Investors should also
review other risks and uncertainties discussed in company documents
filed with the Securities and Exchange Commission.