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M&A Deal Summary

PCTEL Acquires Smarteq Wireless

On May 3, 2021, PCTEL acquired technology hardware company Smarteq Wireless from Allgon AB

Acquisition Highlights
  • This is PCTEL’s 3rd transaction in the Technology Hardware sector.
  • This is PCTEL’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-05-03
Target Smarteq Wireless
Sector Technology Hardware
Buyer(s) PCTEL
Sellers(s) Allgon AB
Deal Type Divestiture

Target

Smarteq Wireless

Kista, Sweden
Smarteq Wireless is a supplier of antennas for vehicular, energy, and Industrial IoT (IIoT) applications. The company provides antennas for smart metering, luxury vehicles, electric vehicle charging stations, industrial factory process automation, heavy construction, and off-road vehicles. It focuses on external antennas that meet high standards for performance, reliability, and robustness. Smarteq serves customers in 20 countries through offices in both Sweden and France. Founded in 1996, the company has decades of experience in antenna design, production, and sales.

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Buyer(S) 1

Buyer

PCTEL

Bloomingdale, Illinois, United States
Category Company
Founded 1994
Sector Technology Hardware
Revenue 99M USD (2022)
DESCRIPTION

PCTEL is a provider of propagation and wireless network optimization solutions. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions. The company's SeeGull(R) scanning receivers, receiver-based products, and CLARIFY(R) interference management solutions are used to measure, monitor, and optimize cellular networks. Its SeeGull scanning receivers are deployed in industry-leading wireless test and measurement equipment and are viewed as an essential wireless data collection tool for cellular network optimization, drive tests, and spectrum clearing. PCTEL was founded in 1994 and is based in Bloomingdale, Illinois.

DEAL STATS #
Overall 8 of 8
Sector (Technology Hardware) 3 of 3
Type (Divestiture) 2 of 2
Country (Sweden) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Nexgen Wireless

Schaumburg, Illinois, United States

Nexgen Wireless, Inc. is a provider of innovative software and engineering services to design, deploy, optimize and manage wireless networks. Nexgen Wireless offers advanced analytics solutions through our Mobile Meridian™ Product Suite. Predictive and powerful, the Meridian Suite provides mobile operators with actionable intelligence.

Buy $23M

Seller(S) 1

SELLER

Allgon AB

Taby, Sweden
Category Company
Sector Technology Hardware
DESCRIPTION

Allgon AB is a provider of mobile phone infrastructure products such as antenna systems.

DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 3 of 3
Type (Divestiture) 3 of 3
Country (Sweden) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-12 Allgon Mobile Communications

Sweden

Allgon Mobile Communications is a global designer and manufacturer of antennas for mobile phones and communication devices with operations in Akersberga, Sweden and Beijing, P.R.C.

Sell -
Mergr

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