Thursday, April 1, 2010
Electro Rent Closes Telogy Buy
Van Nuys-based Electro Rent announced Wednesday afternoon that it has completed its acquisition of Telogy LLC, a supplier of electronic test equipment. The deal was worth $24.7M. According to Electro Rent, it will transfer TElogy's equipment inventory to its Southern California distribution center and integrate Telogy's operations into its own.