M&A Deal Summary

Cisco Systems Acquires Aironet Wireless Communications

On November 9, 1999, Cisco Systems acquired technology hardware company Aironet Wireless Communications for 799M USD

Acquisition Highlights
  • This is Cisco Systems’ 16th transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 19th largest (disclosed) transaction.
  • This is Cisco Systems’ 40th transaction in the United States.
  • This is Cisco Systems’ 1st transaction in Ohio.

M&A Deal Summary
Date 1999-11-09
Target Aironet Wireless Communications
Sector Technology Hardware
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 799M USD

Target

Aironet Wireless Communications

Akron, Ohio, United States
Aironet Wireless Communications, Inc. is a developer of high-speed wireless LAN products.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States
Category Company
Founded 1984
Sector Technology Hardware
Employees84,900
Revenue 57.0B USD (2023)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.

DEAL STATS #
Overall 44 of 223
Sector (Technology Hardware) 16 of 40
Type (Add-on Acquisition) 42 of 215
State (Ohio) 1 of 1
Country (United States) 40 of 189
Year (1999) 14 of 18
Size (of disclosed) 19 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Cerent

Petaluma, California, United States

Cerent,is a developer of next-generation optical transport products.

Buy $6.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-11 V-Bits

San Jose, California, United States

V-Bits Inc., a software maker of digital video-processing systems for cable-television providers.

Buy $128M
Mergr

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