CommScope has signed an agreement to acquire Argus Technologies, a
leading producer of innovative antenna solutions for wireless
applications. The terms of the agreement are not being disclosed. The
acquisition is expected to be completed by the end of the third quarter
Technologies, headquartered in Bella Vista, New South Wales,
Australia, provides a wide array of high performance, high technology
antennas for base stations, stadiums and venues, and other wireless
applications. The company has become a well-respected global competitor
in the wireless network antenna market since its founding in 1994 by Dr.
Bevan Jones, John Bonello and Danny Schwotzer.
The acquisition will enable CommScope
to broaden its antenna
solutions portfolio, deepen its research and development
capabilities, strengthen its global market presence and accelerate its
growth in the wireless market.
“We are very excited to work with the distinguished team from Argus and
look forward to building upon their excellent technology, proven
innovation and specialized solutions such as high capacity antennas for
large venues,” said Paul Bell, senior vice president and general
manager, Base Station Antennas and Microwave Products. “Argus will be a
strong fit for us as we continue to support wireless operators globally
in their evolution to new technologies and their drive to meet the
ever-increasing bandwidth needs of consumers and businesses.”
The demand for bandwidth and growth in network traffic continues to
drive wireless carriers, enterprises and broadband service providers to
invest in communications infrastructure. Wireless subscriber growth in
developing markets, the adoption of 3G and 4G services in more mature
markets, and network coverage needs inside buildings, tunnels and other
hard-to-reach locations are key growth catalysts for the wireless
market. CommScope solutions span the entire radio frequency (RF)
landscape, helping wireless carriers manage increasing cell site
complexity and optimize network planning, capacity, coverage, and
Argus’ top operating executives—John Bonello, managing director, and
Bevan Jones, group technology director—are expected to continue in
active roles with the business upon completion of the acquisition.
“We’re pleased to join CommScope, and look forward to pairing our
antenna research and technology strengths with a company that already is
a respected global leader in RF solutions for wireless network
infrastructure,” said Bonello. “We believe that by combining our strong
and complementary antenna technologies we can provide even better
solutions as wireless customers evolve their networks around the globe.”
CommScope will fund the acquisition from cash on hand and funds
available under its revolving credit facility.
About Argus Technologies:
Argus Technologies was founded in 1994 as a specialist designer and
manufacturer of cellular antennas for the mobile telecommunications
industry, and is widely recognized as a market leader in delivering
innovative antenna solutions for the global mobile telecommunications
market. The Sydney-based corporate headquarters supports a growing
customer base through offices in Hong Kong, Beijing, Shanghai,
Guangzhou, the UK and the USA. Argus is committed to developing
cutting-edge technology by working closely with numerous service
providers and original equipment manufacturers to develop and supply
network enhancing antenna solutions.
has played a role in virtually all the world’s best communication
networks. We create the infrastructure that connects people and
technologies through every evolution. Our portfolio of end-to-end
solutions includes critical infrastructure our customers need to build
high-performing wired and wireless networks. As much as technology
changes, our goal remains the same: to help our customers create,
innovate, design, and build faster and better. We’ll never stop
connecting and evolving networks for the business of life at home, at
work, and on the go.
This press release includes forward-looking statements that are based on
information currently available to management, management’s beliefs, as
well as on a number of assumptions concerning future events.
Forward-looking statements are not a guarantee of performance and are
subject to a number of uncertainties and other factors, which could
cause the actual results to differ materially from those currently
expected. In providing forward-looking statements, the company does not
intend, and is not undertaking any obligation or duty, to update these
statements as a result of new information, future events or otherwise.