MER Group Telecom Division Acquires CellO

HOLON, Israel, February 4, 2014 /PRNewswire/ --

MER Group Telecom Division Increases Network Coverage Reach

MER Group (C. Mer Industries Ltd.), a world leader in digital communication infrastructure for Mobile Network Operators (MNOs), announced today the acquisition of CellO, an innovative provider of wireless coverage and capacity solutions. The company will be renamed MER-CellO Wireless Solutions Ltd. and will operate under the Telecom Division of MER Group.

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With this acquisition, MER-Cello Wireless Solutions Ltd. will provide a comprehensive turnkey Network Coverage solution that will encompass traditional infrastructure and Wi-Fi as well as in-building cellular connectivity with Wi-Fi offloading.

The company's innovative All Access in-building solution provides spotless wireless coverage and superior capacity in buildings, campuses, outdoors and underground. The in-building wireless market is of particular interest to carriers looking to increase service delivery to core clients in challenging signal environments. With the addition of CellO's high-capacity systems, carriers will be able to provide better in-building signal coverage as well as increased capacity for data centric services.

CellO was formed in 2012 as a result of the merger between Cellvine and Optiway. The company's CEO, Yaniv Ben Haim, recently joined MER, to manage the network coverage activities within the Telecom Division.

"We are excited to bring CellO's great team, technologies and assets to the MER Group Telecom division," says Yaniv Ben Haim, "Our innovative cross-company technologies and strong intellectual property better positioned us to address the ever-growing cellular broadband customer needs and provide our customers with the perfect answer to their wireless network coverage and capacity challenges."

The Telecom Division offers a wide array of scalable, end-to-end, vendor independent network and software/ hardware solutions to a range of customer segments. The division leverages its proven global track record, comprehensive knowledge and accumulated expertise to seamlessly deliver technologically innovative and best-of-breed solutions including M2M enablement and vertical market applications, mobile financial services, cloud billing, MVNO enablement, as well as on/off board and remote/contactless payment solutions for public transport operators. 

About MER Group

Established in 1948, the MER Group maintains a diversified portfolio of over a dozen subsidiaries focusing on three main sectors - telecom, security and CleanTech - while investing in other areas including satellite communications, biotechnology and materials science. Publicly traded (TASE: CMER) since 1992, MER Group has a substantial global footprint with approximately 40 offices around the world employing over 1200 people. For more information visit http://www.mer-group.com

Media Contact
Nir Flatau
Vice President of Marketing
+972-3-5572-442
nir@mer-group.com

SOURCE MER Group Telecom Division