PCTEL Acquires Nexgen Wireless

(RTTNews) - PCTEL Inc. (PCTI) announced it had acquired the assets of Nexgen Wireless, Inc., a Schaumburg, Illinois-based company providing Meridian, a network analysis tool portfolio, and engineering services. PCTEL paid $20.5 million at the closing with an additional $2 million in cash incentives for performance of the newly acquired software business. There are additional stock incentives for the executive team that vest over four years.

Nexgen provides performance engineering, specialized staffing, and trend analysis for carriers, infrastructure vendors, and neutral hosts. They apply their products and services in 2G, 3G, 4G, and LTE networks.