Ceragon Completed the Acquisition of Siklu

10 December, 2023

Ceragon provides wireless transport solutions for 5G and 4G networks. It expects the deal will increase its 2024 revenue by approximately $25-$29 million

Photo above: Siklu’s mmWaves transciever in London, UK

Ceragon Networks announced that it has completed the previously announced acquisition of Siklu, a provider of multi-Gigabit “wireless fiber” connectivity in urban, for an enterprise value of $13-15 million.  Siklu provides broadband wireless connectivity solutions operating in the millimeter wave bands, that are used by service providers and system integrators to provide 5G Gigabit Wireless Access services.

Ceragon provides high-capacity wireless transport solutions for 5G and 4G networks. Its solutions are deployed by more than 600 service providers, as well as more than 1,600 private network owners, in more than 130 countries. Siklu provides millimeter wave (mmWave) short range transport products operating in the 60, 70/80GHz frequency bands, that features inherent very narrow-beams with over 24Ghz of available spectrum.

Doron Arazi, Ceragon CEO, said that the acquisition is aimed to accelerate Ceragon’s growth strategy, “by expanding our presence with the fastest-growing segments of the market and enhancing our end-to-end solutions to better address the evolving needs of private networks.” Ceragon expects the acquisition will increase its 2024 revenue by approximately $25-$29 million. It will probabely include the Siklu acquisition in its 2024 guidance, to be provided in early 2024.

During the Third Quarter 2023 Ceragon’s Revenueswere $87.3 million, up 10.9% from $78.6 million in Q3 2022. Total sales for 2023 are expected to reach approximately $340 million, compared with $295 million in 2022. The strategic goal of the company is to reach $500 million sales by 2027. Ceragon is traded in NASDAQ at a company value of approximately $160 million.

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Posted in: Deals and Investments , News , Wireless

Posted in tags: Ceragon , Siklu