A big news in telecom industry was reported yesterday. The famous telecom equipment vendor – Harbournetworks sell out its high-end product lines, including BigHammer and PowerHammer series, to Siemens,for 110M$, ie. 880MRMB. Some core deveoping engineers and management will be transfered to Siemens along with the acquisition.
Harbournetworks is an emerging challenger at China telecom vendor market, after the “big three” of Huawei, ZTE and UTstarcom. However, at the mid-way of its IPO road, it was hurt badly by the lawsuit with Huawei and not-good-enough revenue number of this financial year. “the acquisition will help solve the lawsuit with Huawei”, an insider said. The acquisition means Harbournetwork won’t play at the telecom equipment arena so that it no longer compete against Huawei directly at China.
The acquisition is very meaningful to Harbournetworks, Siemens and Huawei, and even to the whole telecom equipment industry, including Cisco, Juniper. Because Siemens will be competing more effectively at the communication market, not only at Europe, but also at other regions, while Harbournetworks will be focusing on enterprise market.