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Cobham Acquires Wireless Communications Systems Provider Axell

Gally Articola
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Cobham plc said it has acquired wireless communications systems provider Axell Wireless Limited for up to $130.5 million, expanding its portfolio of antenna products and offerings to the public safety market. Terms of the deal between the two British companies include an initial $92.1 million payment and a potential $38.4 million earn out provision payable in during 2014 and 2015 based on future performance. Cobham said that it is paying between nine and 10 times Axell’s earnings before income taxes, depreciation…

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