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Cobham Buys Mobile Tech Firm Axell for $131M Cash; Bob Murphy Comments

CobhamLogoCobham Plc has acquired mobile communications technology provider Axell Wireless for $130.9 million in cash as Cobham looks to expand customer base and extend offerings to larger systems.

Axell supplies distributed antenna systems and wireless items such as digital repeaters, fiber optics, multi band remotes and networking tools to public safety and commercial customers, Cobham said Friday.

Cobham has initially paid $92.4 to Axell for the transaction and plans to pay $38.5 million during 2014 and 2015.

The acquisition will integrate Axell and its 250 employees into Cobham’s antenna systems strategic unit within the aerospace and security division.

Cobham intends to integrate Axell’s offerings into its antenna systems, tactical communications and surveillance portfolio.

“This transaction, following the acquisition of Thrane & Thrane in 2012, represents another step towards achieving our strategic objective of bringing more balance to our portfolio, ” said Bob Murphy, Cobham CEO.

Cobham provided communication tools for the London 2012 Olympic Stadium, the Beijing and Singapore metros, the Burj Khalifa in Dubai, the Brisbane Airport tunnel and the Shard in London.

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