Aviat Networks acquires NEC’s wireless transport business

Aviat Networks has announced a definitive agreement with NEC Cor­po­ration for the sale of its wireless transport business to Aviat in an asset purchase transaction worth $70 million in cash and shares. The deal comprises $45 million in cash and $25 million in Aviat stock. Aviat plans to fully fund the cash portion of the acquisition through committed debt financing. The deal is expected to close in the third calendar quarter of 2023. This acquisition will bring three immediate and significant benefits for the company including increased scale, an expanded product portfolio with greater innovation capabilities, and a more diversified business.