2023-10-24 06:31:00 ET
- Ceragon Networks ( NASDAQ: CRNT ) Tuesday said that it has entered into a definitive agreement to acquire Siklu, a provider of multi-Gigabit "wireless fiber" connectivity in urban, suburban and rural areas, for an enterprise value of $13-15 million.
- As consideration to Siklu's shareholders, Ceragon will issue approximately 1.5 million ordinary shares.
- Ceragon is expected to assume financial liabilities of approximately $10-12 million, of which approximately $2.5 million are classified as long-term debt.
- Ceragon is expected to generate approximately $25-$29 million in incremental 2024 revenue from this acquisition. Source: Press Release
For further details see:
Ceragon Networks expands presence with Siklu buy