# 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.

- Type: Acquisition
- Announced: 2017-07-31
- Where: United States
- Value: $77.0M
- Status: announced
- Products: base station antennas
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Cirtek Holdings Philippines Corp.](https://endata.com/companies/25928.md) (acquirer)
- [Quintel](https://endata.com/companies/25929.md) (target)

## Sources

- [gmanetwork.com](https://www.gmanetwork.com/news/money/companies/620065/cirtek-acquires-us-base-antenna-firm-for-77m/story/), 2017-07-31: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.