Network infrastructure and professional services company ADC agreed to acquire LGC Wireless, which provides specialized wireless coverage and capacity equipment, for about $170 million.
ADC said that the purchase will augment its existing outdoor products, add scale to its existing line of coverage and capacity products and diversify the company’s revenue base.
“This acquisition fits well with our strategy for capturing the strong growth potential of the wireless capacity and coverage market,” said Robert Switz, president and CEO of ADC. “The transaction creates a leading platform for serving carriers’ capacity and coverage needs.”
LGC Wireless had sales of $83 million in the 12-month period ending Sept. 30, and has about 240 employees.
The transaction is expected to close within the next 30 to 90 days.
