Athonet Acquired by HPE

Cloud & CX

Bowen Serves as M&A Advisor to Athonet

Boston, March 27, 2023 – Bowen is pleased to announce that Athonet, the leader in private mobile core solutions, has agreed to be acquired by Hewlett Packard Enterprises (NYSE: HPE). Bowen acted as the exclusive M&A advisor to Athonet.

Headquartered in Italy, Athonet has gained a strong reputation for delivering innovative private 4G/LTE and 5G mobile solutions to network operators (MNOs), enterprise and government customers on a global basis. With a solution that scales from portables/backpacks to millions of SIMs, Athonet has experienced strong revenue growth as customers increasingly look to cellular to expand and enhance enterprise mobility.

“We believe the market for private mobile networks is just getting started as end customers and cloud service providers look to expand wireless connectivity for people and things” said William Rich, Managing Director of Bowen. “Athonet built an early lead with a scalable product designed for private networks versus a ‘skinnied down’ core developed for large-scale mobile operators. As the market matures, we expect to see more packaging of radio access (RAN) into private mobile offerings and integration with both WiFi and enterprise IT management platforms.”  

The transaction was announced on February 24, 2023 and is subject to regulatory approvals and other customary closing conditions.

Learn more about Bowen’s Cloud & CX practice.

Deal press

• HPE’s press release
• Light Reading
• RCR Wireless
• Silicon Angle
• CRN
• The Register
• Network World
• SDxCentral

 UPDATE June 16, 2023 – HPE has completed the acquisition of Athonet.

ABOUT BOWEN

Bowen is a growth tech investment bank with an entrepreneurial edge. We provide M&A advisory, private capital and principal investment services. For two decades, our entrepreneurial focus, integrity and commitment to excellence have guided our strategic and client-centric advice. Our track record of exceptional transaction execution, deep industry knowledge and longstanding relationships set us apart.