Cobham has acquired the entire share capital of Axell Wireless, a privately-owned supplier of wireless communications for commercial and public safety markets, for up to £85m.
Cobham says it has paid an initial £60m for the business, with a further conditional cash consideration of up to £25m payable during 2014 and 2015, subject to future performance.
Axell is a global provider of Distributed Antenna Systems (DAS) and wireless solutions for the public safety and cellular markets, with a specific focus on communication systems for buildings and critical infrastructure applications.
It has supplied coverage solutions for infrastructure projects including the London 2012 Olympic Stadium, the Beijing and Singapore metros, the Burj Khalifa in Dubai, the Brisbane Airport tunnel and the Shard in London.
The company has approximately 250 employees worldwide and is headquartered in Chesham, UK. It will become part of the Antenna Systems Strategic Business Unit, within Cobham’s Aerospace and Security Division.