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.

Other Posts

Suzuki to cancel Swift Sport, Ignis, Swace and Jimny van in favour of EVs
Suzuki to stop selling the Swift Sport, Ignis, Swace and Jimny LCV with a view to launch its first EV in 2025
LEVC launches the electric L380 in China
LEVC L380 has been announced in China with sales already started. Sales in the UK are due to happen within the next two years.
6/25/24
Automotive