Telecommunications equipment provider Westell Technologies, Inc. (WSTL) and Kentrox, Inc., a provider of intelligent site management solutions, Monday announced that they have signed a definitive agreement for Westell to acquire Kentrox. The $30 million cash transaction is expected to close on April 1.
Westell expects the acquisition to propel it to about $80 million in annual revenue and add to earnings in fiscal 2014.
Kentrox is an innovator in comprehensive monitoring, management and control of remote sites, such as cell sites and towers. Its solutions allow network operators and service providers to reduce costs while improving network performance and security.
Kentrox's customers include major wireless and fixed-line telecommunications carriers, tower providers, cable and broadband network providers, utility companies, and enterprises. The company had revenues of $29 million for the 12 months ended December 31, 2012.
Rick Gilbert, Westell's chairman and CEO, said, "Kentrox is a perfect fit with our growth strategy. The company is a leader in providing intelligent site management solutions with a wireless focus, significant software content, and global reach. Kentrox has outstanding customers and solutions that complement Westell's.''
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