Aviat networks acquires nec's wireless transport business

Austin, texas , may 9, 2023 /prnewswire/ -- aviat networks, inc. ("aviat") (nasdaq:  avnw), the leading expert in wireless transport and access solutions, today announced that they have entered into a definitive agreement with nec corporation (nec; tse: 6701), a leader in the integration of it and network technologies, for the sale of its wireless transport business to aviat in an asset purchase transaction valued at $70.0 million u.s. dollars in cash and shares. "the transaction advances aviat's strategic goal to create the leading wireless transport specialist and to add meaningful scale to our business," said pete smith, ceo of aviat networks.
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