Sale of Aspire Technology Unlimited Company to NEC Corporation

PUBLISHED: 4th July 2022

LK Shields Solicitors acted for Bill Walsh in the sale of Aspire Technology Unlimited Company to NEC Corporation.

Aspire Technology was founded in 2009 by a group of executives with more than a century of cumulative telecom experience. Aspire Technology provides technology solutions, software applications, consulting and systems integration for Tier-1 telco operators on legacy network architectures.

NEC Corporation (NEC; TSE: 6701) is a global leader in Open RAN. NEC Open Networks is an industry-leading ecosystem consisting of an end-to-end suite of open products and solutions, including Open RAN components for disaggregated hardware and software, xHaul transport, converged core, automation/ orchestration software and SI services.

Bill Walsh, Aspire Technology’s Founder and CEO said,

"We believe the combination of NEC and Aspire Technology will provide tremendous benefits to our customers, both legacy network-based and those evolving to the more Open environment, and also to the broader 5G and Open RAN marketplace, which is growing rapidly. We share a common vision of the 5G and Open RAN market, and a history of delivering complex integration projects with some of the largest carriers in the world. Together, we create a compelling and comprehensive 5G solutions portfolio."

Jennifer McGuire, Partner, led the LK Shields team with assistance from James Byrne, Kristofer O’Shea, Gerry Halpenny, Jennifer O’Neill, Gillian Dully, Aoife Bradley, Jane O’Grady and Ruairi Mulrean.