FALLS CHURCH, Va., 9 May 2012. General Dynamics (NYSE: GD) has executed a definitive agreement to acquire IPW Holdings, Inc., the parent company of 3G and 4G LTE wireless broadband network equipment provider IPWireless, Inc. The value of the transaction has not been disclosed.
The acquisition has been approved by the boards of directors of both companies and is subject to normal regulatory review. The transaction is expected to be completed in the third quarter of 2012.
IPWireless develops 3G and 4G wireless broadband and broadcast solutions, including chipsets, devices and complete network infrastructure solutions, based on 3GPP, a widely used mobile standard. IPWireless also produces wireless-network components, user devices and end-to-end systems, making tools such as real-time fingerprint identification and high-resolution video more available. The company has customers in sectors such as government, consumer electronics, and more.
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IPWireless is based in San Francisco and has approximately 90 employees worldwide.
When the transaction is completed, IPWireless will be renamed General Dynamics Broadband and will operate as a subsidiary of General Dynamics C4 Systems, which is based in Scottsdale, Ariz. General Dynamics C4 systems designs, manufacturers and delivers communications systems, command and control systems and operational hardware to customers within the U.S. Department of Defense, federal and civilian agencies, the intelligence community and international customers.