Wednesday, November 8, 2023
Technology
Alex Lowe

Ceregon Networks to acquire Siklu

Ceregon Networks, a company which specialises in licensed and unlicensed backhaul products is set to acquire fellow Israeli company, Siklu – another similar company which focuses on high performing PtMP and PtP products, primarily at 60GHz. The deal is set to be worth between $13 and $15 million. Ceregon has said the deal will allow it to start to sell Siklu products to existing Ceregon customers. As a result of the deal, Ceregon has estimated that incremental revenue in 2024 will be between $25 million and $29 million. The Siklu deal should be finalised by the end of 2023.

In the most recent financial quarter, Ceregon has reported a large 22% increase in revenue, currently at $86.2 million. The company is based in Rosh Haayin, Israel and Siklu is based in Petah Tiqva, Israel – just under 10 miles apart from each other.

Back in June 2022, Aviat Networks did attempt to acquire Ceragon Networks for $235 million, but this deal fell through.

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