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General

Comtech acquires Solacom for USD 33 mln

Wednesday 9 January 2019 | 09:03 CET | News
Comtech Telecommunications agreed to acquire Solacom Technologies, a provider of Next Generation 911 (NG911) products for public safety agencies, for USD 33.0 million. Pierre Plangger, who is currently a large shareholder of Solacom, will continue to serve as CEO and president of Solacom. The impact of the Solacom acquisition with respect to Comtech's fiscal 2019 financial guidance will be dependent on the timing of the closing of the transaction, which is expected to occur sometime during Comtech's fiscal quarter ending 30 April. The transaction is subject to customary closing conditions.

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Categories: General
Companies: Comtech Telecommunications
Countries: United States / World
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