Ceragon Networks To Acquire Siklu, Expanding Presence With Private Networks And Small Service Providers In North America
Acquiring Company
Ceragon
Acquired Company
Siklu
Israel
IrvineInformation TechnologyTelecommunicationsHardwareElectronicsWirelessDescription
Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it has entered into a definitive agreement to acquire Siklu, a provider of multi-Gigabit "wireless fiber" connectivity in urban, suburban and rural areas, for an enterprise value of $13-15 million. As consideration to Siklu's shareholders, Ceragon will issue approximately 1.5 million ordinary shares. Ceragon is expected to assume financial liabilities of approximately $10-12 million, of which approximately $2.5 million are classified as long-term debt.
Quick answer
Ceragon is acquiring Siklu, announced October 24, 2023. Ceragon is based in Israel.
- How much did Ceragon pay for Siklu?
- The deal value was not disclosed.
- What does Ceragon do?
- Ceragon is a leading global provider of 5G and mission-critical connectivity solutions.
- Where are Ceragon and Siklu based?
- Ceragon is based in Israel. Siklu is based in Irvine, California, United States.
- Who are the decision-makers at Ceragon?
- Fundz holds 2 contacts at Ceragon. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Gilat Completes Acquisition Of Datapath, Inc. (November 16, 2023)
- Camtek Announces The Closing Of Its Acquisition Of Frt Metrology (November 1, 2023)
Who to call at Ceragon, and when
When Ceragon changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Ceragon raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ceragon, from your own LinkedIn network
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Frequently asked
Who acquired Siklu?
Siklu was acquired by Ceragon, based in Israel. The deal was reported on October 24, 2023. Ceragon is a leading global provider of 5G and mission-critical connectivity solutions. Ceragon is publicly traded (CRNT) and operates in Information Technology.
When did Ceragon acquire Siklu?
Ceragon's acquisition of Siklu was reported on October 24, 2023. Ceragon Networks Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Siklu do?
Siklu delivers multi-gigabit wireless fiber connectivity in urban, suburban and rural areas. It is privately held, operating in Hardware, and is based in Irvine.
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