Wireless gear maker gets $26.8 million

Wireless gear maker Alan Dick & Co. has raised $26.8 million from Lloyds TSB Development Capital. As a result of the deal, Lloyds will receive a seat on the U.K.-based company's board of directors. ADC will use the funding to continue its global expansion and increase the range of its service offerings. The company manufactures and installs wireless telecom equipment such as antennas, and also offers services for radio frequency and network planning. The company's customers include Vodafone, Orange, Nokia, Motorola and Ericsson.