Ericsson is bolstering its 5G antennas portfolio, announcing its plans to acquire German company Kathrein’s antenna and filters unit for an undisclosed sum. The purchase will bring about 4,000 additional employees to Ericsson, to complement its in-house team for antenna and filter development, production and sales.
Ericsson is making the purchase via an asset deal, and it is expected to close in the third quarter of this year. Preliminary revenues from the antenna and filters segment were about 270 million Euros in 2018, Ericsson reported — a figure that does not include Kathrein’s sales to Ericsson.
