LGC to be acquired by ADC
Oct 23, 2007 Comments (0)
The transaction gives the rapidly-growing LGC Wireless a stronger financial foundation with significantly larger development and marketing resources, which will help it further increase the market leadership of its InterReach UnisonR and InterReach FusionR product lines as well as its CDMA and GSM network solutions.
"We have built a leading global market share with our advanced solutions despite facing larger and better-financed competitors," said Ian Sugarbroad, president and CEO of LGC Wireless. "As part of ADC our customers will now benefit from the resources of a large public company and an expanded product line. I am excited that together with ADC we can create an even greater range of compelling solutions to address our market's needs."
The LGC Wireless acquisition is a linchpin for in-building coverage and capacity in ADC's All IP Radio Access Network (IP RAN) strategy. LGC Wireless's portfolio of in-building (DAS) and base station solutions will significantly bolster ADC's existing line of wireless capacity and coverage solutions in a fast-growing market, supporting ADC's overall goal of becoming a leading global provider of network infrastructure solutions.
"LGC's technology meshes very well with our existing lines of networking systems, and we believe that this acquisition will make our wireless division a far more significant contributor to overall corporate revenue," said Hilton Nicholson, president of the Active Infrastructure division of ADC. "With its complementary culture and shared mission of delivering scalable, high-performance, and cost-efficient networking systems, LGC also brings us a highly talented team that will accelerate our efforts to innovate with our IP RAN solutions."