General Dynamics to acquire iPWireless
- May 9, 2012
General Dynamics has signed a definitive agreement to acquire the parent company of IPWireless Inc., which manufactures 3G and 4G wireless broadband equipment for first-responder and military customers.
Financial terms of the acquisition were not released. The transaction is subject to regulatory review and is expected to be completed in the third quarter of 2012.
IPWireless produces wireless-network components, user devices and end-to-end systems that enable first-responders and other mobile users to access lifesaving data and applications at high speeds.
The company’s 700 MHz Long Term Evolution products and mobile broadcast solutions are designed to meet the requirements of the nationwide interoperable broadband network required in federal legislation recently.
“Recent legislative initiatives have accelerated the adoption of these technologies throughout the public safety community and IPWireless provides the end-user devices and scalable networking components that enable that access,” Chris Marzilli, president of General Dynamics C4 Systems, said in a statement.
The New York City Wireless Network and Adams County in Colorado currently use equipment.
IPWireless will be renamed General Dynamics Broadband and will operate as a subsidiary of General Dynamics C4 Systems, which is based in Scottsdale, Ariz.
IPWireless is based in San Francisco and has approximately 90 employees worldwide.