Aviat networks announces intent to acquire redline communications
Expands aviat's private networks offering with private lte/5g, unlicensed wireless access solutions creates an integrated end-to-end offering for wireless access and transport in the private networks segment leverages aviat's sales channel to address a $8 billion private lte/5g addressable market increases aviat's reach in mission-critical industrial private networks expected to be accretive to gross margin %, adjusted ebitda, non-gaap eps, and free cash flow in first year aviat to host conference call thursday, april 14th, at 8:30am (et) austin, texas and toronto, april 13, 2022 /prnewswire/ -- aviat networks, inc. ("aviat") (nasdaq: avnw)) , the leading expert in wireless transport solutions, and redline communications group, inc. ("redline") (tsx: rdl), a leading provider in mission-critical data infrastructure, announced today that they have entered into an arrangement agreement (the "arrangement agreement") under which aviat will acquire all outstanding shares of redline for cad$0.90 per common share (approximately usd$0.71 per share), in an all-cash transaction (the "transaction") valued at approximately cad $16.2 million (approximately usd$12.9 million). aviat expects to fully fund the acquisition from cash on hand.
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