With the demand for smart antennas increasing, Alaris Holdings, South Africa’s antenna specialist, informed investors on Wednesday that it is in talks to buy a UK firm.
The radiofrequency (RF) technology group told shareholders via the JSE SENS news that it has “entered into negotiations to acquire a business operating in the United Kingdom.”
The JSE AltX firm, which listed since July 2008, did not disclose the name of the company it is in talks with.
The announcement follows the group disclosure last September that it was considering more acquisitions and merger opportunities.
“The group’s global strategy remains one of bold international expansion. Prospects for the period ahead are decidedly positive,” the group recently informed investors in its annual report.
“By diversifying into different territories and entering new market segments, the management team’s focus is to ensure ongoing profitable organic and acquisitive growth for the Alaris Holdings Group and its stakeholders.”
In the company’s latest annual report, Jürgen Dresel, CEO at Alaris Holdings, also reiterated the group’s plans to expand globally.
“Our financial results demonstrate the importance for Alaris to operate globally. In addition, as a client-centric organisation it is essential to be close to our customers and partners to discuss bespoke solutions and hence extending our global footprint remains top priority,” he explained.
“The products of the Alaris Group’s subsidiaries have developed over the years from a components-based offering to more complete antenna systems solutions.
“This transition requires us to further deepen and broaden our expertise and know-how into the microwave and RF electronics space. With this strategic direction in mind, the Alaris management team is actively seeking and hard at work to unlock merger and acquisition opportunities in this field.”
The group worth more than R300 million on the JSE AltX designs, develops, manufactures and sells state-of-the-art, specialised broadband antennas and other related RF products used in the communication, frequency spectrum monitoring, testing and measurement, electronic warfare and other specialised markets.
Its client base consists of system integrators, frequency spectrum regulators and players in the homeland security space, located across the globe – mostly outside of South Africa – in the Americas, Europe and Asia.
COJOT, founded in 1986 and located in Espoo, Finland, serves military and public safety markets globally. With more than 30 years of experience. mWAVE, based in Windham, Maine in the United States, is a leading global provider of advanced custom and
commercial microwave antenna solutions. The company was established in 2004 and designs and manufactures standard and custom microwave antenna products for
commercial and government applications spanning the scientific, defen c e and academic communities.
Alaris USA , trading as a division of mWAVE Industries and based in Windham, Maine, sells and supports specialised antennas and other RF related products designed by COJOT and Alaris Antennas to its customer base in North America.