On February 25, Reuters reported that Ericsson, a Swedish manufacturer of mobile network equipment, said today that it was acquiring the antenna and filter division of Kaislin Group in Germany to promote the development of its 5G product portfolio.

Ericsson said that Kaiserlin's sales last year were about 270 million euros ($306.5 million). The antenna and filter Division has about 4,000 skilled professionals who can complement Ericsson's internal capabilities.

“Strengthening our autonomous antenna manufacturing capability is another important step in our network combination strategy.”Frederick, Ericsson Network Business Manager·Gidling said in a statement.

Ericsson said the two companies had agreed not to disclose the purchase price. In addition to expanding Ericsson's antenna and filter portfolio, the acquisition would also provide important capabilities for the evolution of advanced radio network products.

Ericsson said it expects to complete the transaction in the third quarter of this year, to meet the usual terms of the transaction and obtain regulatory approval.

It is understood that Kaishilin Company, founded in 1919, is the world's largest and oldest antenna manufacturer and leading high-tech enterprise in the communications industry. Kaishilin is headquartered in Luxembourg, Germany. There are 14 manufacturing factories and 58 subsidiaries and holding companies in the world, with a total staff of more than 6100.