SOLiD Buys North American Partner REACH Holdings
Wednesday, January 20, 2016 | Comments

SOLiD, a South Korean-based manufacturer of wireless equipment, extended its international presence by purchasing the assets of REACH Holdings related to REACH’s role as SOLiD’s exclusive North American partner.

Financial terms of the transaction were not disclosed. SOLiD offers a portfolio of RF amplifier, RF radio and optical transport solutions.

“This acquisition strengthens our position in North America, the largest market in the world for distributed antenna systems (DAS) products, while also serving as the launch pad for our global growth strategy in wireless infrastructure,” said Dr. Seung Hee Lee, CEO of SOLiD. “We look forward to bringing a broader product portfolio to our North American customers and working with them on next-generation densification and coverage enhancement solutions.”

SOLiD is publicly traded in Korea and has more than 1,000 employees worldwide. SOLiD’s North American partner had successfully achieved a strong market position for the SOLiD brand in the cellular densification market, providing coverage and capacity solutions in hard-to-reach and high-demand locations.

“This deal is a tremendous win for our customers and partners,” said Ken Sandfeld, newly appointed president of SOLiD in North America. “Among the benefits of being part of a larger global manufacturer is that we can offer a broader product portfolio and a competitive value proposition, expand our service and support capabilities, and explore more opportunities for collaboration and cross-pollination.”

Sandfeld formerly was executive vice president overseeing sales, marketing and product strategy.

“Our team is in place,” Sandfeld said. “The transition period will be seamless as customers and partners will continue to interact with their established and trusted counterparts and the business operations, relationships and lines of communications remain unchanged.”

The acquisition bolsters SOLiD’s capabilities in its core DAS and optical fronthaul/backhaul markets. SOLiD’s North American business unit now has direct access to the engineering and research and development (R&D) department at SOLiD in South Korea.

By acquiring its North American operations headquartered in Sunnyvale, California, SOLiD strengthens its presence in a key geographic market, the company said. SOLiD has offices, facilities and affiliates in Shenzhen, China; Singapore; London; Jakarta, Indonesia; Tokyo; and headquarters in Seoul, South Korea.

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