Cobham acquires Axell Wireless

Defence technology group Cobham has acquired Axell Wireless, a privately-owned supplier of wireless communications for commercial and public safety markets.

Defence technology group Cobham has acquired Axell Wireless, a privately-owned supplier of wireless communications for commercial and public safety markets.

The consideration was paid on a cash and debt free basis, with £60m paid upfront and a further £25m to be paid during 2014 and 2015 based on the future performance of the business.

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