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Wireless Telecom To Sell CommAgility To E-Space For $14.5 Mln

Wireless Telecom Group Inc. (WTT) said that it agreed to sell its radio, baseband and software segment, CommAgility LTD., to global space company, E-Space for $14.5 million. The purchase price includes $13.75 million in cash consideration and a $750,000 note payable, subject to agreed-upon reductions.

The transaction is expected to be completed no later than January 31, 2023.

As a result of the transaction, Wireless Telecom Group is now comprised solely of Test & Measurement brands including Boonton, Holzworth and Noisecom.

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