South Korean-based manufacturer of wireless equipment SOLiD Inc. has extended its international presence by purchasing those assets of REACH Holdings related to REACH´s role as SOLiD´s exclusive North American partner, the company said.
Financial terms of the transaction were not disclosed.
SOLiD densifies wireless networks through a portfolio of advanced RF Amplifier, RF Radio and Optical Transport solutions.
SOLiD´s North American partner had achieved a strong market position for the SOLiD brand in the cellular densification market, providing coverage and capacity solutions in hard-to-reach and high-demand locations. Now, as a regional division of SOLiD, its capability to grow and serve customers, and attain a deeper market penetration, is greatly enhanced.
The acquisition bolsters SOLiD´s capabilities in its core DAS and optical fronthaul/backhaul markets. SOLiD´s North American business unit now has direct access to the top-notch engineering and R&D department at SOLiD in Korea and can tap into battle-tested international expertise in leading-edge densification tools such as C-RAN and Optical LAN.
By acquiring its North American operations headquartered in Sunnyvale, Calif., SOLiD strengthens its presence and capabilities in a key geographic market and secures resources and talent to further its ongoing global expansion. SOLiD now has offices, facilities and affiliates in Shenzhen (China), Singapore, London, Jakarta, and Tokyo in addition to its headquarters in Seoul.
SOLiD offers a portfolio of RF Amplifier, RF Radio and Optical Transport solutions.
REACH Holdings was founded in 2009 by DAS industry veterans Seth Buechley, Chip Laughton, and Bryan Kemper. REACH previously served as SOLiD´s exclusive partner for the marketing, sales, distribution, and support of DAS products in the US and Canada.