[May 31, 2013] Powerwave Technologies' Turnkey Wireless Network Infrastructure, Telecom Inventory and Capital Assets to be Sold in Series of Upcoming Online Auctions Tweet May 31, 2013 (Close-Up Media via COMTEX) -- Heritage Global Partners ("HGP"), and its parent company Counsel RB Capital, in conjunction with Maynards Industries, New Mill Capital, and The Branford Group, announced that they will jointly manage a series of sales for the complete turnkey wireless network infrastructure and related capital assets of Powerwave Technologies Inc. According to a release, Powerwave designs, manufactures, and markets a suite of wireless technologies and is a global supplier of wireless solutions for wireless communications networks. Together, the companies acquired Powerwave's assets following its Chapter 11 bankruptcy (Case #13-10134) at an original asset acquisition cost of approximately $100 million. A series of global online auctions will be hosted and managed by Heritage, complete details and event dates to follow at "Together with our valued partners we will be conducting a series of sales of Powerwave's state-of-the-industry wireless network and capital assets. The upcoming auctions include an unprecedented offering of capital assets and will be the year's largest sale of Test and Measurement equipment, by far. We believe our combined global presence and familiarity with the marketplace, paired with our expert industry knowledge, will attract significant interest from worldwide buyers," stated Ross Dove, Managing Partner of Heritage Global Partners. "We are anticipating very strong demand from buyers worldwide as the upcoming sales represent a unique opportunity to acquire a wealth of high quality assets, including base station antennas, tower mounted amplifiers (TMA), filters, furnishings, tooling, wireless inventory and equipment, and much more. We look forward to working together to maximize the ultimate value of Powerwave's assets," stated Matthew DelGuidice, VP of Maynards US Operations. Heritage Global Partners is an asset advisory and auction services firm, assisting companies with buying and selling assets. More information: www.hgpauction.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]