Ceragon acquired NERA

[Cost_Reducer]

Ceragon Networks Ltd. (NASDAQ:CRNT), the provider of high-capacity, 4G/LTE-ready wireless backhaul networks,
announced today that it has entered into a definitive agreement to acquire all of the
outstanding shares of Nera Networks AS (NAS), headquartered in Bergen, Norway from
Eltek ASA (Eltek ASA). The consideration for the acquisition is approximately
$48.5 million on a cash-free/debt free basis.
NAS is a leading manufacturer of microwave radio systems and a leading expert in
long distance microwave links. With over 60 years of RF and microwave solutions
design NAS is also well known for its excellent project management and turnkey project
capabilities. The company has a global customer base, including several Tier One
operators in Europe, Latin America and Africa.
Following today’s closing of the transaction, both companies’ assets and core
competencies will be combined into a single integrated organization, product family and
customer base.
The transaction accelerates Ceragon's strategic plans, as the combination of the
two companies achieves immediate scale and reach to enable Ceragon to successfully
and fully capitalize on global opportunities; NAS’ strength in Latin America and Africa
complements Ceragon’s position in Europe, Asia and North America, and adds
experienced, professional services staff and capabilities around the world. The
combination of Ceragon and NAS will result in the industry’s most complete family of
both short and long-haul microwave backhaul solutions, with an advantageous cost
structure as Ceragon’s proven design to cost effectiveness is applied, over time, to the
full product family.
The acquisition will be funded through a combination of cash on hand and
approximately $35 million of bank debt. The transaction is expected to be accretive on a
quarterly basis by the end of 2011. On an annual basis, the acquisition is expected to
be dilutive in 2011 and substantially accretive in 2012. Once the integration has been
completed and several additional quarters of operational improvements have been
implemented, the company is targeting a combined operating model for 2012 with gross
margins similar to Ceragon’s current level, and operating profit of 10% based on a
quarterly combined run rate revenue of about $150 million.
“This is a very important step for both our companies, and one which will allow us
- together - to immediately become the premier microwave backhaul specialist at a
crucial juncture for the industry,” said Ira Palti, President and CEO of Ceragon Networks.
“We are in the early stages of a period of demand driven by continued subscriber growth
in key regions and exponential increases in mobile data. During such a period, scale
and reach are particularly important. This combination enables us to achieve both and
allows for smooth integration due to the complementary nature of the two companies.”
Jørgen Larsen, CEO of Eltek ASA said: ”Eltek has evaluated several strategic
alternatives for the future development of the microwave transmission activities in Nera
Networks and we believe that a business combination of NAS with Ceragon, a leading
wireless backhaul player, will provide the highest benefit to NAS’ customer base.”

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[byja]

PS Senior MW transmission planner looking for a new opportunity for backhaul planning, network design, specifying BoQ/BoM, implementation management, customer training, etc...

[proy1_10]

This is the key!!!!! New opportunities...
Good Luck Byja!!

BR

[Cost_Reducer]

PS Senior MW transmission planner looking for a new opportunity for backhaul planning, network design, specifying BoQ/BoM, implementation management, customer training, etc...

I think my old job in Germany is still available it fits to 100% to your requirements

BTW I guess you can continue with your job in Ceragon. There should be not too much changes for a specialist