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SATELLITE TODAY :: DAILY NEWS FEED
December 4, 2006
EMS Technologies Inc. has completed the sale of its EMS Wireless division to Andrew Corp. for about $50 million in cash, EMS announced Dec. 1.
Andrew has acquired all of the operating assets of EMS Wireless, which produces base station antennas for wireless applications and in-building and repeater systems, as well as the unit's operating liabilities. Andrew also has retained the majority of EMS Wireless' 200 employees.
"I believe EMS Wireless and its employees have a bright future with a larger organization that has both the size and broader product line to address the unique issues encountered in Cellular/PCS equipment markets," Paul Domorski, president and CEO of EMS, said in a statement. "This transaction will enable me and other management personnel of EMS Technologies to concentrate on the development of our three remaining businesses, Defense & Space Systems, LXE and EMS Satcom. The strength of these businesses and our strong financial resources will enable us to fund internal [research and development] projects, as well as to pursue market and strategic opportunities."
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