Advent Invests in Aircom

Private equity group Advent International acquires majority stake in Aircom from Nokia

August 22, 2005

2 Min Read

REDHILL, U.K. -- AIRCOM International, a market-leading and rapidly growing global provider of wireless network OSS, planning, optimisation solutions, today announced a partnership with private equity group ADVENT International.

Under the terms of the agreement ADVENT has invested in a majority stake in the company. As one of the world’s largest and most successful private equity companies, ADVENT have a long track record of working with established telecom technology companies like AIRCOM to deliver impressive growth and expansion of the business going forward. ADVENT is expected to bring unique telecom, business and financial skills to the Board of AIRCOM International.

Nokia, which made an investment in AIRCOM in 1999, will retain a small minority interest in the business for an agreed period. The transfer of ownership means that, going forward, AIRCOM will be a truly independent player, ideally positioned to deliver full multi-vendor product solutions and services across the industry.

Dr Steve Mockford, CEO of AIRCOM, commented:

“AIRCOM deliver best-in-class technology and services to the mobile communications industry. With our strong engineering foundation, we have always taken great pride in the products and services that we have delivered to our customers. The ethos of the company has always been to achieve success based upon state-of-the-art solutions. Looking forward, we are delighted to be working with the experienced and dynamic team from ADVENT International. We have a shared vision of how AIRCOM will grow and achieve greater success in the future and our new partners will, without question, deliver major benefits to our end customers.”

John Bernstein, Director at ADVENT who joins the AIRCOM board said:

“As networks become increasingly complex, so operators need increasingly specialised tools and services to help them maintain operational efficiency. AIRCOM is ideally positioned to capitalise on this opportunity and presents a fantastic platform for growth. We are very much looking forward to working alongside Steve, Philip and the rest of this pioneering management team. ”

Aircom International Ltd.

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