Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Andrew Acquires Precision Antennas Ltd.


WESTCHESTER Westchester is the name of some places in the United States of America:
  • Westchester, Los Angeles, California
  • Westchester, Florida
  • Westchester, Illinois
  • Westchester County, New York
  • The Westchester, a shopping mall in White Plains, New York
, Ill. -- Andrew Corporation Andrew Corporation is an American multinational producer of communications devices. Andrew is a global designer, manufacturer, and supplier of communications equipment, services, and systems. , a global leader in communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole.  and products, has acquired Precision Antennas Ltd., a Stratford, England-based provider of antennas for terrestrial Dealing with the earth. See terrestrial link.  and satellite communications systems.

Under the agreement, Andrew paid approximately $26 million (15 million GBP GBP

In currencies, this is the abbreviation for the British Pound.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
) to acquire the subsidiary of UK-based Cobham plc Cobham plc (LSE: COB) is a British manufacturing company based in Wimborne Minster, Dorset, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Cobham was founded as Flight Refuelling Ltd.
. Precision Antennas designs and produces microwave antennas for use in carrying point-to-point radio signals, primarily for cellular network back-haul. In addition, the company produces couplers and earth station antennas. Its products are used today by customers primarily in the European European

emanating from or pertaining to Europe.


European bat lyssavirus
see lyssavirus.

European beech tree
fagussylvaticus.

European blastomycosis
see cryptococcosis.
 market.

"Precision Antennas is a strong complement to Andrew's existing portfolio of antenna systems and products," said John DeSana, group president, Antenna and Cable Products Group, Andrew Corporation. "The addition of Precision strengthens Andrew's market position in microwave antennas and enhances our ability to support the future needs of existing and new customers."

Precision Antennas had calendar year 2005 sales of $46 million and the transaction is expected to be slightly accretive to earnings over the next 12 months. Precision Antennas' approximately 500 employees at three sites in Stratford now are part of Andrew's Antenna and Cable Products Group.

"Precision Antennas is a strong business which has grown rapidly over the last two years under Cobham's ownership," said Tom Burwood, managing director, Precision Antennas. "The combination of Andrew's global focus on supporting customers' communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software.  and our excellent products gives me confidence we can go from strength to strength."

About Andrew Corporation

Andrew Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:ANDW) designs, manufactures, and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and equipment manufacturers from facilities in 35 countries. Andrew (www.andrew.com), headquartered in Westchester, IL, is an S&P 500 company founded in 1937.

Forward Looking Statements

Some of the statements in this news release are forward looking statements and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include fluctuations in commodity costs, the company's ability to integrate acquisitions and to realize the anticipated synergies and cost savings, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, the company's ability to achieve the cost savings anticipated from cost reduction programs, fluctuations in foreign currency exchange rates, the timing of cash payments and receipts, end use demands for wireless communication services, the loss of one or more significant customers, and other business factors. Investors should also review other risks and uncertainties discussed in company documents filed with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Apr 13, 2006
Words:438
Previous Article:Dr. Reddy's Receives USFDA Approval for Fexofenadine Hydrochloride.
Next Article:Medicover: Notice of Annual General Meeting and Extraordinary General Meeting.
Topics:



Related Articles
Andrew Corporation's 3.7-Meter Earth Station Antenna Receives E-2 INTELSAT and ASIASAT-2 Type Approval.
Liquid weighing system. (Instruments).
Andrew Acquires Channel Master LLC Assets.
Andrew Previews New VSAT Antenna Products.
Andrew to Acquire Skyware Radio Systems; Electronics Products Will Make Andrew First to Offer Fully Integrated Broadband Satellite Antennas.
Andrew Completes Acquisition of Skyware Radio Systems.
Andrew Corporation Reports Record Orders of $549 Million For Second Quarter Fiscal 2006.
Andrew Corporation Reports Record Sales of $551 Million and Record Orders of $605 Million for Third Quarter Fiscal 2006.
Andrew, Overwatch To Integrate and Market Dual Band Satellite Systems.
Andrew To Acquire EMS Wireless.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles