UK - ECI-backed wireless networks company makes £24m acquisition

ECI Partners portfolio company Aerial Facilities (AFL) has acquired its Swedish-based competitor, Avitec AB for up to £24m. Avitec was formerly owned by CapMan, 3i and a number of private investors. AFL designs, manufactures and installs specialist products and services to extend the coverage of wireless networks. This is AFL’s first acquisition since ECI Partners backed a £56m MBI of the company in January 2007. Following the acquisition, AFL will become one of the top three providers of wireless coverage solutions worldwide with annual sales of over £40m and 300 employees.