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ECI Partners backs Axell Wireless to acquire Israel’s Dekolink

ECI Partners, a UK mid market buyout specialist, has increased its investment in Axell Wireless (formerly Aerial Facilities) to buy Dekolink, an Israel-based competitor focused on wirel

ECI Partners, a UK mid market buyout specialist, has increased its investment in Axell Wireless (formerly Aerial Facilities) to buy Dekolink, an Israel-based competitor focused on wireless coverage solutions in the cellular and public safety markets.

The transaction will provide Axell Wireless with access to Dekolink’s digital repeater technology as well as an enhanced customer base and market opportunity, most notably in North America and the Central and Latin America region.

Dekolink is the second acquisition for Axell Wireless since ECI’s original investment in January 2007, having acquired Avitec in March 2008.

Ian Brown, chief executive of Axell Wireless, says: ‘The combination of Dekolink’s market leading digital technology combined with Axell Wireless’ existing multiband solutions will be a powerful combination for both our existing and prospective customers in the short and medium term. By combining Dekolink’s R&D capabilities with those of the established Axell Wireless organisation we expect to bring to market an extended range of solutions for all of the geographic regions in which we serve.’

Chris Watt of ECI Partners adds: ‘We are delighted to backed Axell Wireless to buy Dekolink. It clearer indicates our willingness to put more money behind good teams who identify strategic bolt-on acquisitions.

‘This deal, which follows the recent Thissucess exit of Racal Acoustics for GBP115m, the successful close of our ninth fund at GBP430m and the investment in Ascribe further demonstrates that despite an uncertain economic and difficult transaction environment, ECI remains able to originate and complete high quality investments. We remain confident that the mid market, for those with the heritage and experience of investing through market cycles, will continue to generate great value for investors.’

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