McWane Technology Acquires Zinwave Ltd.
We are proud to announce that the McWane Technology group is further expanding their global footprint by acquiring Zinwave Ltd. Zinwave Ltd, a leading global supplier of in-building wireless coverage solutions, announced on February 3rd, its sale to McWane, Inc., a privately-held diversified manufacturing company based in the United States.
McWane’s financial strength and international status will allow Zinwave to invest in commercial and technical resource, customer service, customer support, geographical presence and infrastructure. It will also allow Zinwave to accelerate its product development and enhancement programs, thus ensuring that it maintains its competitive edge in fiber-based RF coverage solutions for existing and emerging markets.
Becoming part of a global organisation will enable Zinwave to increase its overall share of the rapidly growing DAS market, which is predicted to grow by more than 300% in the US alone over the next five years according to a recent report published by iGR Research.
Says Ian Sugarbroad, CEO of Zinwave:
“Our new status will give us access to invaluable resources, including McWane’s impressive intellectual property, R&D, and global supply and distribution chain. It means we can speed up product development and improve our support to strategic partners and customers, so they in turn are able to accelerate growth for wideband active DAS solutions in their respective markets.”
McWane President, G. Ruffner Page, Jr. had this to say:
“Zinwave is the perfect addition to our growing stable of high-tech companies operating under the McWane Technology Group banner. Founded in 1921, McWane is a global leader in water, waste water, fire protection and LPG tank infrastructure products and we’re proud to continue leading the way in building the durable and innovative infrastructure our world depends on.”
While Zinwave will become a wholly owned subsidiary of Birmingham, Alabama-based McWane, it will continue to trade as an independent company and maintain its established corporate identity. Zinwave’s UK presence will be maintained and will add to McWane Technology’s expanding global footprint, which includes offices in the United States, Canada and South Korea.
We are looking forward to learning more about the newest addition to the McWane family of companies. Wecome to the team, Zinwave!