Kathrein announced yesterday it intends to sell its antenna and filter business to Ericsson. Kathrein Products division, with approximately 4,000 employees in research and development, production, and sales at more than 20 locations worldwide, is expected to become part of Ericsson’s Business Area Networks in the third quarter of 2019, following approvals from relevant regulatory authorities.
The acquisition is an asset deal where certain assets and liabilities are acquired by Ericsson at closing.
The parties have agreed to keep the purchase price undisclosed.
“In view of the strategic options and the further increase in global competition in the mobile communications sector, we want to secure the future viability and competitiveness of this significant business by selling our Products division to our long-term technology partner Ericsson,” says Anton Kathrein, CEO of Kathrein Group.
Fredrik Jejdling, Executive Vice President and Head of Business Area Networks at Ericsson, says: “Strengthening our in-house antenna competence is another important step in our Networks portfolio strategy. The acquisition of Kathrein’s antenna and filters business will expand our capabilities and competences in the advanced active and passive antenna domain further. With the additional focus on the antenna and filter business led by Kathrein professionals, we will broaden our offering to further optimize site space, which is vital for introduction of 5G.” Comments? Email Us.
March 1, 2019