Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Telit Communications To Buy Crossbridge Solutions - Quick Facts

Telit Communications Plc (TCM.L) has signed and consummated an agreement to purchase Crossbridge a premier US based M2M data and value added services provider located in Lincolnshire, Illinois, U.S.A. The company added that the Crossbridge acquisition and its U.S. based engineering and sales staff would allow Telit to expand its m2mAIR business unit offerings in M2M value added services and connectivity to the USA.

Oozi Cats, Chief Executive of Telit, said "the Crossbridge acquisition provides Telit with access to American value added service customers and provides Telit with an opportunity to expand its m2mAir offering to small/medium m2m customer in the U.S. We see tremendous synergies between m2mAir and the Crossbridge offering and we welcome the opportunity that this acquisition provides us to consolidate our presence in the US market."

Click here to receive FREE breaking news email alerts for TELIT COMM and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.