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Poynting buys Radiant

AltX-listed Poynting Antennas, a company that designs, manufactures and sells cellular GSM and wireless data network product solutions, mini-GSM base stations, and defence and specialised antenna systems, announced that it acquired Radiant as of the 1st of July 2012.

MD of Poynting Antennas, Juergen Dresel and GM of Radiant Antennas, Graeme Davis, have negotiated this deal for several months. “Both companies see significant strategic benefit in joining forces as the product lines will complement each other, yet the market which we serve is similar,” says Dresel. Further, he says, “We are very pleased to welcome Graeme Davis as part of our Poynting team moving forward. Graeme is very respected in the local antenna market and has managed to attract key accounts with well-known overseas radio manufacturers”.

“It is Poynting’s second acquisition and will help the company to further grow shareholder value. Poynting’s share price just recently hit its highest value since its listing in 2008, which provides favourable conditions to look for further acquisitions for the various divisions in the Poynting group,” says Dresel.

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