Brief: Wireless Telecom Group announces acquisition of Commagility Ltd

Wireless Telecom

21/02/2017 13:30

Feb 21 (Reuters) - Wireless Telecom Group Inc  WTT.A : 
    * Wireless telecom group announces acquisition of 
commagility, ltd. 
    * Wireless telecom group inc says initial purchase price for 
commagility is comprised of $12.5 million in cash and $6.25 
million of wireless telecom common stock 
    * Wireless telecom group inc - deal immediately accretive to 
margins and earnings 
    * Wireless telecom group inc says acquisition is expected to 
be immediately accretive to wireless telecom's gross and 
adjusted ebitda margins 
    * Wireless telecom group inc says total purchase 
consideration includes up to $12.5 million of additional cash 
consideration in form of a 24-month earn-out 
    * Wireless telecom group -cash portion of deal at close was 
funded from combination of cash on hand and borrowings from 
newly issued senior credit facility 
 
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Further company coverage:  WTT.A  
 
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