Acuity Advisors advise on the sale of Cambridge–based Zinwave Ltd to US multinational McWane Technology

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”.

For further information, contact:

mbyatt@acuity.co.uk

+44 207 193 3699

 

quote “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”. quote
Ian Sugarbroad CEO, Zinwave

A conversation is never wasted. We’re confident that we can give you all the help you need, but we’ll tell you if we think there’s a better option for you.

Get in Touch Get in touch now