Acuity Advisors advise on the sale of Cambridge–based Zinwave Ltd to US multinational McWane Technology
Independent corporate advisory, Acuity Advisors, has acted as exclusive corporate finance advisor to Zinwave Ltd, a leading global supplier of in-building wireless coverage solutions. Acuity secured the cross-border sale of Zinwave to McWane Technology, a division of one of the largest privately-held companies in the United States.
The acquisition joins Zinwave and its unique wideband active Distributed Antenna System (DAS) to a growing number of international high-tech companies operating within the McWane Technology Group. While Zinwave will become a wholly owned subsidiary of Birmingham, Alabama-based McWane, it will continue to trade as an independent company and maintain its established corporate identity. Other members of McWane’s world-spanning Technology Group include Comtech, Futurecom, Nighthawk and Synapse.
McWane’s financial backing will allow Zinwave to invest further in its fibre-based technology. McWane’s global reach will enable Zinwave to significantly increase its overall share of a rapidly expanding DAS market, which is predicted to grow by more than 300% in the US over the next five years, according to a recent report published by iGR Research.
Matthew Byatt, partner at Acuity Advisors, worked closely with the Zinwave team and led the process: “There has been a great deal of interest in Zinwave’s business and the acquisition by McWane is a fantastic result for the team. McWane’s backing is certain to increase Zinwave’s global reach and help the company fulfill its potential”.
Ian Sugarbroad, CEO, Zinwave commented: “Acuity brought the required focus and drive to our exit process. Their international presence combined with their relevant sector experience, and a willingness to mobilise quickly, helped secure our sale to McWane”.
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“Acuity brought the required focus and drive to our exit process. Their international presence combined with their relevant sector experience, and a willingness to mobilise quickly, helped secure our sale to McWane”.Ian Sugarbroad CEO, Zinwave
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