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Novatel Wireless To Acquire Enfora For Up To $70 Million

November 8th, 2010 11:22 admin Leave a comment Go to comments

Wireless broadband solutions provider Novatel Wireless has agreed to acquire Enfora, a privately-held provider of wireless asset-management solutions and machine-to-machine (M2M) communications, for approximately $64.5 million in cash. The purchase price includes the pay down of all debt.

Additional consideration of up to $6 million, depending on certain performance targets being met, is also part of the deal.

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Source: Novatel Wireless To Acquire Enfora For Up To $70 Million

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