Ericsson to acquire Kathrein’s antenna, filters business

STOCKHOLM - Ericsson is bolstering its investments in 5G antenna technology after buying Kathrein’s antenna and filters business. Financial terms were not disclosed.Founded in 1919 and headquartered in Germany, Kathrein is an existing Ericsson supplier. Preliminary and unaudited revenues from the acquired part of Kathrein were approximately EUR 270 million in 2018, excluding sales to Ericsson.According to Monday’s news release, the acquisition is an asset deal that will see Ericsson acquire certain assets and liabilities, including Kathrein’s antenna and filter business for mobile networks, plus add approximately 4,000 employees in R&D, production, and sales based in locations including the U.S.,...