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Tuesday, May 30, 2006
CalAmp Completes Dataradio Buy For $54M
Oxnard-based CalAmp, a provider of wireless communications hardware and systems, has completed its acquisition of Dataradio, a Canadian supplier of advanced wireless systems. The deal was worth $54M. Dataradio provides wireless data systems for the public safety, infrastructure and industrial systems markets. According to CalAmp, Dataradio has revenues of $32M for the 12-month period ending April 30th. CalAmp said that the acquisition will give it a critical mass of product development resources and market presence in the public safety market. The acquisition adds 175 employees to CalAmp, in Montreal, Minnesota, and Georgia.
posted on Tuesday, May 30, 2006
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