MOUNTAIN VIEW, Calif.-Alvarion Communications Ltd. said it has entered an agreement to acquire InterWave for approximately $56 million in an all-cash deal.
InterWave makes compact GSM and CDMA network equipment and services for low-density markets in developing regions as well as vertical applications. Alvarion makes broadband solutions, focusing mainly only WiMax technology.
“The addition of InterWave expands our served market to include a rapidly growing segment of the mobile equipment market, broadens our customer base with additional top-tier operators, and leverages both our strong channel relationships and our global sales and customer support capabilities,” said Zvi Slonimsky, chief executive officer of Alvarion.
