◂ Announcements

Jul 31, 2017ACQUISITIONUnited States

Cirtek Holdings acquires US-based antenna firm Quintel for $77M

Philippine electronics manufacturer Cirtek Holdings Philippines Corp. signed a $77-million agreement to acquire US-based antenna solutions provider Quintel. The transaction is scheduled to close on July 31, 2017.

Value

$77.0M

Status

Announced

Productsbase station antennas

CompaniesCirtek Holdings Philippines Corp. acquirer Quintel target

Sectors#Semiconductors and Industrial Electronics

“Upon closing, the transaction will immediately give CHPC a significant presence in the large and rapidly growing base station antenna market, estimated to be more than $14 billion by 2020.”gmanetwork.com

1 source
gmanetwork.comCirtek acquires US-base antenna firm for $77M | GMA News OnlineGMA NewsJul 31, 2017

Summarized from public sources; check the original articles before acting on it.

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