No More Satcom for Andrew
Big news in the SatCom industry – Andrew Corp. has announced the sale of its satellite communications business to private equity firm Resilience Capital Partners. It appears that Andrew Corp. will receive $39 million total over three years based on meeting "certain financial targets". It will also own a 17 to 20% stake in a new SatCom company Resilience will create from the sale. More details on the sale here.
Andrew Corp’s SatCom business is well known. Check out their extensive list of products and services here. They also run a world-class training institute – "The Andrew Insitute" – which offers free training on how to use their products. They even offer online videos and guides, with product information and installation instructions for many of their products. For interested parties, check out the videos on their "SureGround Grounding Kit" or their "Positive Stop Connectors".
By the way – if the name "Andrew Corp" doesn’t ring a bell, you might recognize its products from the distinctive "red lightning bolt" logo, seen here:
And one last thing – we’re not exactly sure why Andrew Corp sold its SatCom business. But it might be related to the recent loss of a patent infringement lawsuit. In September, a Pennsylvania jury awarded TruePosition Inc. $45.3 million in damages from Andrew Corp. for violating its patent on "locating wireless phones using the wireless network control channel". This is the second patent infringement lawsuit Andrew Corp has lost to TruePosition. More info on both suits here.
