2023-11-08 14:03
Technology
Alex Lowe

Ceregon Networks to acquire Siklu

Ceregon Networks to acquire Siklu

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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.

Alex Lowe

Ceregon Networks to acquire Siklu

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

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