Acquiring Company
Aviat Networks
Acquired Company
Redline Communications
AustinSoftwareMobileTelecommunicationsManufacturingHardwareNatural ResourcesDescription
Aviat Networks, Inc. ("Aviat") (Nasdaq: AVNW)) , the leading expert in wireless transport solutions, and Redline Communications Group, Inc. ("Redline") (TSX: RDL), a leading provider in mission-critical data infrastructure, announced today that they have entered into an arrangement agreement (the "Arrangement Agreement") under which Aviat will acquire all outstanding shares of Redline for CAD$0.90 per common share (approximately USD$0.71 per share), in an all-cash transaction (the "Transaction") valued at approximately CAD $16.2 million (approximately USD$12.9 million). Aviat expects to fully fund the acquisition from cash on hand. Subject to customary closing conditions and necessary regulatory approvals, the transaction is expected to close within four months.
Quick answer
Aviat Networks is acquiring Redline Communications, announced April 13, 2022. Aviat Networks is based in Austin, Texas, United States.
- How much did Aviat Networks pay for Redline Communications?
- The deal value was not disclosed.
- What does Aviat Networks do?
- Aviat is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers.
- Where are Aviat Networks and Redline Communications based?
- Aviat Networks is based in Austin, Texas, United States.
- Who are the decision-makers at Aviat Networks?
- Fundz holds 1 contact at Aviat Networks. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Aviat Networks, and when
When Aviat Networks changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Redline Communications?
Redline Communications was acquired by Aviat Networks, based in Austin. The deal was reported on April 13, 2022. Aviat is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers. Aviat Networks is publicly traded (AVNW) and operates in Software.
When did Aviat Networks acquire Redline Communications?
Aviat Networks's acquisition of Redline Communications was reported on April 13, 2022. Aviat Networks, Inc. ("Aviat") (Nasdaq: AVNW)) , the leading expert in wireless transport solutions, and Redline Communications Group, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Redline Communications do?
Redline Communications (TSX:RDL) designs and manufactures powerful wide-area wireless networks for mission-critical applications in challenging locations. It is privately held, operating in Manufacturing.
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