AIRCOM International, a provider of wireless network OSS, planning, and optimisation solutions has announced a partnership with private equity group ADVENT International.
Under the terms of the agreement ADVENT has invested in a majority stake in the company.
Nokia, which made an investment in AIRCOM in 1999, will retain a small minority interest in the business for an agreed period. The transfer of ownership means that, AIRCOM will be an independent player, positioned to deliver full multi-vendor product solutions and services across the industry.
Dr Steve Mockford, ceo of AIRCOM, said, “We have always taken great pride in the products and services that we have delivered to our customers. Looking forward, we are delighted to be working with the experienced and dynamic team from ADVENT International. We have a shared vision of how AIRCOM will grow and achieve greater success in the future and our new partners will, without question, deliver major benefits to our end customers.”
AIRCOM’s activities comprise two main business areas: software solutions and engineering services.