CommScope has signed an agreement to acquire Argus Technologies, a producer of antenna solutions for wireless applications. The terms of the agreement are not being disclosed. The acquisition is expected to be completed by the end of the third quarter of 2011.
Argus Technologies, headquartered in Bella Vista, New South Wales, Australia, provides a wide array of high technology antennas for base stations, stadiums and venues, and other wireless applications.
The acquisition will enable CommScope to broaden its antenna solutions portfolio, deepen its research and development capabilities, strengthen its global market presence and accelerate its growth in the wireless market.
“Argus will be a strong fit for us as we continue to support wireless operators globally in their evolution to new technologies and their drive to meet the ever-increasing bandwidth needs of consumers and businesses," said Paul Bell, SVP and general manager, Base Station Antennas and Microwave Products, with CommScope, in a statement.
CommScope will fund the acquisition from cash on hand and funds available under its revolving credit facility.