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M&A Deal Summary

DZS Acquires NetComm Wireless

On May 6, 2024, DZS acquired communications company NetComm Wireless from Casa Systems

Acquisition Highlights
  • This is DZS’s 2nd transaction in the Communications sector.
  • This is DZS’s 1st transaction in Australia.
Investment Fate
  • NetComm Wireless was divested to a consortium of strategic buyers in 2024 for 7M USD.

M&A Deal Summary
Date 2024-05-06
Target NetComm Wireless
Sector Communications
Buyer(s) DZS
Sellers(s) Casa Systems
Deal Type Divestiture

Target

NetComm Wireless

Sydney, Australia
NetComm Wireless is a broadband networking innovator in the 5G fixed wireless, home broadband, fiber-extension, and IoT technology domains. NetComm Wireless was founded in 1982 and is based in Sydney, Australia.

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Buyer(S) 1

Buyer

DZS

Plano, Texas, United States
Category Company
Founded 1996
Sector Technology Hardware
Employees660
Revenue 245M USD (2023)
DESCRIPTION

DZS designs and manufactures network equipment for telephone companies and cable operators worldwide to deliver a rich array of voice, data, video, and entertainment services. DZS was incorporated in 1996 and is based in Plano, Texas.

DEAL STATS #
Overall 7 of 7
Sector (Communications) 2 of 2
Type (Divestiture) 2 of 2
Country (Australia) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 ASSIA - Specific Core Assets

Redwood City, California, United States

ASSIA's Specific Core Assets includes consumer experience, service assurance software portfolio based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-07 NetComm Wireless

Sydney, Australia

NetComm Wireless is a broadband networking innovator in the 5G fixed wireless, home broadband, fiber-extension, and IoT technology domains. NetComm Wireless was founded in 1982 and is based in Sydney, Australia.

Sell $7M

Seller(S) 1

SELLER

Casa Systems

Andover, Massachusetts, United States
Category Company
Founded 2003
Sector Communications
Employees1,004
Revenue 401M USD (2021)
DESCRIPTION

Casa Systems provides the core-to-customer building blocks to speed your 5G transformation with future-proof solutions for all access types and cutting-edge bandwidth. The company provides next-generation cable modem transmission systems and intelligent video processing solutions for broadcast and unicast services worldwide. Casa Systems was founded in 2003 and is based in Andover, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 2 of 2
Type (Divestiture) 3 of 3
Country (Australia) 1 of 1
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Casa Systems - Cable Business

Andover, Massachusetts, United States

Casa Systems' Cable Business provides next-generation cable modem transmission systems.

Sell $20M
Mergr

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