Extreme Networks Buys Zebra's Wireless LAN Business
San Jose-based Extreme Networks said today that it is acquiring the wireless LAN business owned by Zebra Technologies. Extreme Networks will pay $55M in cash for the business. Extreme Networks said it expects the transaction to be accretive, and said the new assets will generate over $115M in annualized revenue. Zebra Technologies was advised by Moelis & Company LLC and Kirkland & Ellis LLP in the transaction; Extreme Networks was advised by Latham & Watkins LLP and Cowen and Company.
posted on Wednesday, September 14, 2016
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