SOLiD Inc. has extended its international presence by purchasing those assets of REACH Holdings related to REACHs role as SOLiDs exclusive North American partner. SOLiD is a fast-growing leader in densifying wireless networks through a portfolio of advanced 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 launchpad 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.
SOLiDs North American partner had 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.Now, as a regional division of SOLiD, its capability to grow and serve customers, and attain a deeper market penetration, is greatly enhanced.
This deal is a tremendous win for our customers and partners. 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, said Ken Sandfeld, newly appointed president of SOLiD in North America. Sandfeld formerly was Executive Vice President overseeing sales, marketing and product strategy.
As a customer already working closely with both SOLiD’s U.S. and South Korean teams on a multi-year, large-scale installation, we are very excited at the potential upside of our partners consolidating as a global company. We’re anticipating further benefits including additional resources, product breadth and expertise that will accrue on top of our already positive experience with SOLiDs team and products, said William A. Bayne Jr., CEO of Transit Wireless. Transit Wireless operates the wireless infrastructure throughout the New York City Subway, where SOLiDs robust DAS systems are being installed on hundreds of station platforms to enable cellular coverage and capacity.
The acquisition bolsters SOLiDs capabilities in its core DAS and optical fronthaul/backhaul markets. SOLiDs North American business unit now has direct access to the top-notch engineering and R&D department at SOLiD in Korea and can tap into battle-tested international expertise in leading-edge densification tools such as C-RAN and Optical LAN.