The acquisition is expected to be completed by the end of the third quarter of 2011, the companies said in a statement on Monday. However, the financials of the deal was not disclosed.
Argus Technologies, founded in 1994, is headquartered in Bella Vista, New South Wales, Australia, provides antennas for base stations, stadiums and venues, and other wireless applications.
With the acquisition of Argus, CommScope expects to broaden its antenna solutions portfolio, deepen its research and development capabilities, strengthen its global market presence and accelerate its growth in the wireless market, the company said in a press release.
“We are very excited to work with the distinguished team from Argus and look forward to building upon their excellent technology, proven innovation and specialized solutions such as high capacity antennas for large venues,” said Paul Bell, senior vice president and general manager, Base Station Antennas and Microwave Products.
CommScope said the demand for bandwidth and growth in network traffic continues to drive wireless carriers, enterprises and broadband service providers to invest in communications infrastructure. Wireless subscriber growth in developing markets, the adoption of 3G and 4G services in more mature markets, and network coverage needs inside buildings, tunnels and other hard-to-reach locations are key growth catalysts for the wireless market, added the release.
Argus’ top operating executives - John Bonello, managing director, and Bevan Jones, group technology director - are expected to continue in active roles with the business upon completion of the acquisition.
“We’re pleased to join CommScope, and look forward to pairing our antenna research and technology strengths with a company that already is a respected global leader in RF solutions for wireless network infrastructure,” said Bonello.
CommScope will fund the acquisition from cash on hand and funds available under its revolving credit facility.